DIB Technical Overview
Posted on Thursday, March 1 2018 at 5:47 am GMT+0000Turned Bearish.
Although the share maintains the bullish long-term market structure, the recent break below the ascending trendline on weekly charts has shown signs of weakness in the uptrend. After reaching a multi-year high of 6.63 on Jan 17, upside momentum faded and prices fell sharply dropping back below the 6.17 key support. Moreover, the recent drop below 6.09 previous daily support, indicated the initiation of a new medium term Bearish stage and shifted focus towards the area around Nov 2017 Low of 5.94, including the 6.00 level which may be of psychological significance.
| DIB-EN 2018-03-01 |
