DIC Technical Overview

DIC Technical Overview

Extended gains.

The share currently surpassed the long term primary resistance level at 2.20 which managed to keep Bullish momentum at a minimum in the recent past. That breakout was the move that turned the medium term outlook into Bullish and acted as trigger for both medium and short term positions. Now that initial targets for existing medium and short term longs have been reached, traders who liquidated partial positions can trail stops 2.20 protecting against any possible corrective wave.