DSI Technical OverviewPosted on Monday, August 21 2017 at 4:42 am GMT+0000
Having the given Bearish characteristics, long term traders shall remain neutral at current times, with the aim to activate new positions only after clear reversal signs near strong demand levels. While the medium term bias remains neutral with a rangy technical picture. Following the aggressive drop that drove prices down towards the 0.355 level, the share managed to erase most of the losses and seems to be heading for a retest of the 0.420 previous top. A valid break above that level would bring medium term growth expectations, and encourage investors to pour their investment in. Conversely, any drop below 0.355 would lead for further losses targeting the 0.330 zone, and postponing any Bullish possibilities.