LD_Perspectives

Discovery - Short Term Oversold?

Long
JSE:DSY   DISCOVERY LTD
*Short Term Traders Only*

DSY has acted well, first on the long side from just above 13000c, followed by an exit at 15200c (see related).

Reviewing the daily chart, the 7-day RSI is 'NEAR OVERSOLD' and judging by previous readings, this may be an opportunity for short term traders to pick up some for a move to say, around 13300c.

Buy at current level, 12581c or better.
Stop-loss: 12240c
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