DIB Technical OverviewPosted on Tuesday, December 6 2016 at 5:27 am GMT+0000
Initial targets reached.
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; such scenario would only be confirmed by the direct move above the 5.63. Initial medium term targets being reached allowing for partial profit taking, allowing for the trail of Stop orders to the previous entry level, awaiting for the final targets. Short term traders shall treat the last decline as a corrective phase acting as a provider for renewed positions, where a direct break above the 5.41 would confirm forthcoming advances.