DSI Technical Overview

DSI Technical Overview

Maintains its neutral picture.

Given the Bearish characteristics in the long term, and the medium term continuing sideways, long and medium term positions remain on hold. The share maintains its neutral picture in the medium term after it bounced from near the key 0.355 area which acted as the lower end of the range that was established over the past 3 months. However, the market is still at risk of pulling back. Only a sustained rise above 0.400 would help improve medium-term prospects for DSI for further gains towards the top of the range. While a break below 0.355 which represents the lower-end of the current range will shift the medium-term trend to bearish from neutral.