DSI Technical OverviewPosted on Thursday, January 12 2017 at 5:33 am GMT+0000
Forthcoming advances above 0.550.
Bullish scenarios on both the long and medium term had been postponed for now, as the market is continuing to show weak technical, and traders should be waiting for reversal patterns in this descend before considering any positions in the share. Moving to the short term, traders should monitor for a support confirmation at the 0.517 level, where only an immediate break above the 0.550 would allow for short term positions. In contrast, failure of the share to remain above the 0.517 would confirm further declines, as prices would search deeper for a stronger support to contain the correction.