DIB Technical Overview

DIB Technical Overview

Sparking Higher

Finally we witnessed significant Bullish developments that pushed the share above the September High of 6.26. That breakout is expected to spark momentum in the long term and open the scope for further gains. Long term traders should have positioned with that move and should target the 6.45 and 6.75 levels. That breakout confirmed the strength of both the medium and short term uptrends and allowed medium term traders long from 6.09 to move their second targets even higher towards 2.38 while trailing their positions towards 6.15. It also provided short term traders with a new opportunity where they will aim to target 6.31 and 6.38.