DIB Technical OverviewPosted on Tuesday, October 17 2017 at 4:36 am GMT+0000
Long term traders, shall wait to see a clear break above 6.29 before ruling out any probable slowdown in momentum. Such move would strengthen the long term Bullish outlook and confirm the current wave opening the way for further gains. The formation of a lower top on the daily timeframe outlined at 6.25 has placed the medium term uptrend under threat. With previously confirmed bottom at 6.05, an immediate break below that level will signal a daily reversal and initiate a new Bearish stage. Only an immediate break above the previous weekly top of 6.29 could bring back interest in the share.