DEYAAR Technical Overview

DEYAAR Technical Overview

Minor pullback.

With the recent break below 0.540, any bullish scenarios, on both the long and medium term, had been placed on hold, confirming forthcoming lower moves. But with medium term momentum indicators entering in the oversold territory, a minor pullback might take place at any time, before bears grab control all over again. Short term traders shall treat the last rally as a corrective phase, and stay neutral for theperiod monitoring for bullish reversal before entering new longs, which can be validated by the immediate break above the 0.525.