DSI Technical OverviewPosted on Sunday, May 7 2017 at 4:59 am GMT+0000
Testing previous Low.
At current time, long term traders shall keep their neutral stance, as the market is continuing to show Bearish trending features. In addition, the fact that the recent medium term correction having found resistance below 0.480, confirmed weakness in the share introducing forthcoming declines. Therefore any Bullish scenarios on the medium term had been negated. Short term traders shall be aware of the strongly Bearish bias revealed in the medium term, where downward pressure can be restarted below the 0.420 level.