DSI Technical OverviewPosted on Tuesday, September 5 2017 at 4:37 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. Short term traders still can monitor for an immediate rise above 0.400 to reinstate long positions and target a rally within the medium term range. However they shall bear in mind that any drop below 0.375 could reinstate Bearish pressure with scope for prices to retest the 0.355 level.