DIB Technical OverviewPosted on Monday, October 24 2016 at 4:44 am GMT+0000
Ascendant reversal above 5.40.
Long term traders should wait for stronger trending characteristics before preparing to acquire new positions, with the market continuing to show weak signals. And the last rally still have to be treated as a corrective phase of the larger medium term downtrend. Short term traders should monitor for signs of support above the 5.13 previous low, where only an immediate break above the 5.40 will allow for short term positions. Failure of the share to remain above the 5.20 will cancel any further bullish scenarios and accelerate the decline to lower levels.