DIB Technical Overview

DIB Technical Overview

Short term correction.

Given the above trending characteristics, no long or medium term positions are advised at the time being and traders shall patiently wait for stronger technical indications before considering the accumulation of new long positions. Short term traders shall treat the last decline as a corrective phase that might act as a provider for renewed buying opportunities, as an immediate break above the 5.83 intraday top could carry larger Bullish implications in the near-future. Such breakout should attract traders to accumulate positions in the direction of 5.89 and 5.96.