DIC Technical OverviewPosted on Wednesday, March 1 2017 at 5:35 am GMT+0000
Testing previous top.
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 clear break above the 2.64 before they can trust again the prevailing Bullish bias. At the same time, such move would confirm the resumption of the medium term uptrend, and amplify the case for further advances targeting 2.75 and 2.91. While any break below the 2.43 level would cancel any further Bullish scenarios and accelerate the decline to lower levels.