DIB Technical OverviewPosted on Sunday, December 4 2016 at 5:27 am GMT+0000
Completion of a bullish reversal.
The neutral long term overview is pushing traders to wait for a clear reversal pattern to the upside before considering new positions in the share. The recent break above the 5.21 daily top, completed a daily reversal to the ascent, raising expectations that the battle might be driven higher towards the 5.31 and perhaps the 5.46 levels, where an immediate break below 5.05 will cancel the bullish structure as the share will be directed for a trendless phase. The recent move above 5.23 restored short term positions, as Bulls are expected to continue pushing rates higher.