DIB Technical OverviewPosted on Monday, April 3 2017 at 4:38 am GMT+0000
Bullish in the short term.
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 the recent short term Bullish developments, raised confidence in the Bull’s ability to continue pushing the prices higher towards the 5.65 and perhaps the 5.73 areas. The 5.47 intraday hurdle could be acting as a prospective stop for the recently initiated longs.