DIC Technical Overview
Posted on Wednesday, April 26 2017 at 4:35 am GMT+0000Weekly reversal.
The recent drop below the 2.19 long term support had completed a Bearish reversal and canceled thereby any potential Bullish developments, obliging traders to remain out of the market. That breakout was the move that turned the medium term picture into Bearish, paving the way for extended losses. The share has broken through the downside barrier of the medium term range signaling intentions to continue the declines in the direction of the 2.05 and perhaps even lower.
| DIC-EN 2017-04-26 |
