DIB Technical OverviewPosted on Sunday, February 12 2017 at 5:31 am GMT+0000
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. The recent break above the 6.24 suggested advances targeting 6.45 and 6.80. At the same time, such confirmation provided short term traders by a new market entry point, with the 6.05 pivot acting as a probable stop for the near-term positions.