DSI Technical Overview

DSI Technical Overview

Probable reversal.

At current time, long term traders shall keep their neutral stance, as the market is continuing to show weak trending features. And although the share gained some momentum lately, it remained under Bearish pressures as reflected by the sequence of lower peaks and through on the hourly charts. And therefore any Bullish scenarios on the short term had been negated, unless sustained rise above the 0.465 completes an intraday reversal to the upside and allow for short term positions. With the 0.438 level acting as the last barrier towards an extended decline.