DIB Technical Overview

DIB Technical Overview

Posted on Tuesday, April 18 2017 at 4:25 am GMT+0000

Signs of support.

Having in mind the above trending characteristics, no long or medium term positions are recommended 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, after reaching a strong demand area the share reflected fatigue in the drop. The strength of that support can be confirmed by a decisive break above the 5.95, which might attract short term traders to initiate new longs in the direction of 6.05 and 6.20. While any break below the 5.75 could place an emphasis on a further dip.

DIB-EN 2017-04-18