DSI Technical OverviewPosted on Sunday, February 5 2017 at 5:35 am GMT+0000
Testing range’s upper boundary.
Bullish scenarios on the long term had been postponed for now, as the market is continuing to show weak technical signs, and traders should be waiting for reversal patterns in this descend before considering any positions in the share. Moving to the medium term, where a confirmed break above previous top at 0.575 would be needed in order to complete a Bullish reversal pattern suggesting forthcoming advances. Such confirmation would act as prompt for short term longs as it would, at the same time, shift the near-term picture into positive. Short term traders shall bear in mind the significance of the 0.520 support, as a further break below that level would target further declines.