DSI Technical OverviewPosted on Thursday, January 25 2018 at 5:44 am GMT+0000
No major developments are being felt in the medium term trend of the share and the picture remains obviously Bullish, and although we witnessed a sharp correction the uptrend sequences are still in place. That correction reached a strong demand zone near the weekly swing level of 2.13, and with a probable intraday Bullish reversal on the making, the stage will be sat for a consecutive hike towards previous highs and even higher areas. Therefore, medium term traders should be aiming to reposition with the break above 2.23 intraday top to target 2.60 and 2.85. Shorter term market players on the other hand can also buy above this level but only to target closer areas around 2.28 and 2.37. Any break below 2.14 will cancel all Bullish scenarios and open up for an extended medium term correction.