DIB Technical Overview

DIB Technical Overview

Weekly initial targets reached.

We witnessed lately significant Bullish developments that pushed the share above the September High of 6.26 and sparked momentum in the long term. The surge above 6.26 reflected a boost in the sentiment of long term investors and showed their readiness to reinvest in the share. Those who have positioned with that move should be enjoying their gains after having their first targets reached at 6.45. And now even though a hike towards 6.75 has become more likely, the remaining long positions should be trailed higher towards 6.26.