DIC Technical OverviewPosted on Tuesday, April 4 2017 at 4:24 am GMT+0000
Initial targets reached.
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. And with the medium term corrective phase exceeding initial levels, focus turns towards the short term scenarios, where the recent break above the 2.49 allowed short term traders activating long positions above the 2.46 for a partial profit taking and a trail of the stop orders to the previous entry.