Making lower highs recently and now on support, a break of support could mean a test of lower levels 13000, 12400. Wait for a break on this one. We could see another lower high before then.
After a Selling Climax (SC), Automatic Rally (AR) and Secondary Test (ST) in Phase A we have now seen the bottom of the range being tested a second time. This looks a lot like a potential spring in Phase C but we have not seen a good contraction in volume in Phase B so this still could just be a test of the TR. However, the result should be the same with a test of...
Good volumes are coming in and a strong bounce on the fib. Going to see a good run
JSE:DSY is trading at a strong support level at the moment. It has bounced off of this level forming a hammer candle pattern which indicates a loss of bearish momentum and is a strong reversal signal. Coupled with this, the stochastic has turned upwards which makes the signal stronger. I have entered a long position, aiming for the next resistance level.
End of week 15Feb19. Another week dominated by Resources. FTSE/JSE Allshare ( JSE:J203 ) Top5 oversold/overbought according to 14day RSI indicator as follow: JSE:OMN 14 JSE:WBO 16 JSE:DSY 23 JSE:TON 23 JSE:MNK 28 JSE:IMP 83 JSE:AMS 80 JSE:KIO 80 JSE:BHP 79 JSE:SGL 75 Spending a few minutes on one of the most oversold companies of the...
I'm looking to buy DSY at around R144.00. It's holding up nicely at that horizontal support in a wedge pattern. the next move could likely be back towards the top of this wedge. Investors seem to have shrugged off their soft results and that bodes well for some bullish price action
JSE:DSY Made hammer on massive volume on Friday on big support. This can be nice long with stop loss bellow Friday's low.
Expecting this pair to respect the triangle and drop
Discovery Ltd. is listed on the Johannesburg Stock Exchange and is an integrated financial services organisation, specialising in health insurance, life assurance, wellness, investments, savings products, short-term insurance and credit card products. Technicals The corrective structure indicated above has targets of between 19000 and 21000 which is a long way...
JSE:DSY Broke from symmetrical triangle on hourly chart this morning. More downside to come $JSEDSY should retrace some 10% or so
Discovery (JSE:DSY) is showing strong leadership as compared the JSE Wyckoff Wave (10 Core JSE stocks). The OBV is indicating bullish pressure. The stock has broken the 200 Day SMA, is above the Monthly and Yearly Pivot Points and is now pushing up against a significant volume cluster at 180 formed by the consolidation at the previous highs. On Thursday there was...