DEYAAR Technical Overview

DEYAAR Technical Overview

Correction Halted.

With the market showing a consolidative phase on the long term, focus turns to the medium term, where an immediate move above the daily top at 0.685 would increase the prospects that the 09th Jan – 17th Jan decline was just a corrective phase and that the prior uptrend could be resuming signaling towards larger medium term growth. Such breakout would act as trigger for short term positions, suggesting an ease in the upside speed amplifying the case for further advances towards the 0.702, and a break above that could carry larger Bullish implications targeting the 0.730 zone.