DIB Technical Overview

DIB Technical Overview

Short term initial targets reached.

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. However In the short term, the recent break above 5.83 has restored the Bullish picture attracting traders to accumulate positions at that point. And with initial targets being reached at 5.89, they can take the advantage to trail positions to entry level, protecting against any possible correction.