DIB Technical OverviewPosted on Monday, January 30 2017 at 6:24 am GMT+0000
Signs of support.
The recent break above the key psychological level at 6.00 has confirmed the strength of the long term ongoing Bullish momentum signaling for extended moves targeting at least 6.60. That breakout allowed long term traders long above 5.65 for a partial profit taking and a trail of the positions to the entry level. And with medium term indicators detecting strong upside speed, focus turns towards the short term scenarios with breakout above 6.24 acting as trigger towards an extended move targeting 6.35 and 6.53. At the other hand, a break below 6.04 would accelerate the decline to lower levels.