DIB Technical OverviewPosted on Monday, March 27 2017 at 4:49 am GMT+0000
Early shift in momentum.
Given the above trending characteristics, no long or medium term positions are advised at the time being and traders shall patiently wait for stronger technical indications before considering the accumulation of new long positions. While short term Bearish developments have cancelled any probable trading scenarios, until reversal formation can signal towards a strong support in the market. Such confirmation can only be brought by the direct break above the 5.67 intraday top. In contrast, failure of the share to remain above the 5.48 could direct the market for a retest of the 5.36.