DIC Technical Overview

DIC Technical Overview

Room for additional gains.

Finally we witnessed some significant Bullish developments that pushed the share above 2.55 long term resistance. After almost 10 months of consolidation between 2.00 and 2.55 with a clear absence of any direction, DIC broke out of that range and initiated a new Bullish trend smoothing by that the path for further gains. Long term traders who were out of the market where now presented the opportunity to activate new positions where they will aim to target the 2.71 and 2.95 levels. At the narrower side, for short term traders who repositioned at 2.65 targets are outlined at 2.71 and 2.82 with the 2.55 level acting as first level of defense.