DIC Technical Overview

DIC Technical Overview

Under increased pressure.

The formation of a new weekly top below 2.66 has placed the long term Bullish structure under threat. And the recent drop below the previous weekly bottom at 2.28 signaled a weekly reversal that will likely lead for further Bearish implications. The strength of that Bearish wave is also manifested by the strong Bearish short term bias which is continuing to slip in an aggressive manner lacking any proper upward correction refusing to give away its oversold conditions. Given the recent notable Bearish developments all trading scenarios should remain postponed.