Peet_Serfontein

DCP: symmetrical triangle pattern developing?

Long
JSE:DCP   DIS-CHEM PHARMACIES LTD
A price action above 2300 supports a bullish trend direction.
Further bullish confirmation for a break above 2500.
The target price is set at 2600.
The stop-loss price is set at 2300.
A symmetrical triangle pattern seems to be developing.
Remains a risky trade.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.