DSI Technical Overview

DSI Technical Overview

Probable reversal.

With the market showing strong downtrend on both the long and the medium term, trading scenarios remain on hold in the near term future while waiting for the share to show strong signs of reversal before instating any long positions. However, short term traders should monitor for signs of support above 0.355 previous lows, where only an immediate break above 0.400 will change the short term outlook an act as trigger for short term positions. Failure of the share to remain above 0.355 will cancel any further Bullish scenarios and accelerate the declines opening the way for a probable retest of the 0.335 handle.