DIB Technical OverviewPosted on Wednesday, January 18 2017 at 5:36 am GMT+0000
Strong upside speed.
The recent break above the 5.65 level has confirmed a Bullish reversal pattern and changed the long term outlook signaling extended moves targeting at least the key level at 6.00, and a further move above that level will bring the 6.60 into scope. Moving to the medium where a strong upside path is dominant and the recent break above the 5.87 level allowed traders to trail their positions higher to the entry level after the completion of their initial targets. The formation of an intraday bottom at the 5.80 has signaled towards possible near-term scenarios with a further break above the 5.94 level acting as a confirmation for forthcoming advances targeting the 6.01 and 6.13.