DSI Technical OverviewPosted on Sunday, November 20 2016 at 5:42 am GMT+0000
Possible further advances.
Although the long term outlook remains bearish, trend indicators point towards weakness in the downtrend. The last week’s rally signaled in early shift in the medium term momentum, where a further break above the 0.570 level would be needed in order to confirm the strength of a further uptrend. Short term traders should monitor for signs of support above the 0.500 where a clear break above the 0.540 will allow for short term positions. Failure of the share to remain above the 0.500 will accelerate the declines, as it will search deeper for stronger support.