DIC Technical Overview
Posted on Wednesday, March 15 2017 at 5:45 am GMT+0000Triple-top activation.
In the long term, the share rose above the 2.50 weekly top completing a Bullish reversal and then retreated. Hence long term traders shall be cautious and wait to see a strong support confirmation before they can trust again the prevailing Bullish bias. The recent medium term move below 2.43 activated a daily Bearish reversal and signaled thereby for an extended long term correction, placing any long and medium term Bullish scenarios on hold for the interim.
| DIC-EN 2017-03-15 |
