DSI Technical OverviewPosted on Thursday, March 15 2018 at 5:50 am GMT+0000
Short term reversal.
No major developments are being felt yet in the long term trend of the share and the picture remains Bullish, and although we witnessed a sharp correction the uptrend sequences are still in place. However, the rally stalled, and extended correction reaching below 2.13 exposed weakness to the prevailing Bullish structure and turned the medium term outlook into neutral. On the other side, if we focus on the short term movement, we conclude that the share is trying to build positive momentum. After a strong downside trajectory, it managed to complete an intraday Bullish reversal that should result in an upward bounce towards 1.90 and 1.98. Short term traders that decided to take advantage from such a rally should bear in mind the unclear picture in the medium term and remain ready to close their positions with any drop below 1.76. That breakout if activated will shift the medium term picture into a more Bearish one.