Dischem showing strong upside to R30.24
Cup and handle formed on the daily.
We need price to break above and close above the brim level to confirm upside to come.
7>21 bullish
Price<200 but likely to head up to equilibrium.
RSI>50 Bullish
Target R30.24
SMC
SSL (Order block)
ABOUT THE COMPANY
Dis-Chem was founded in 1978 by Ivan Saltzman and his wife, Lynette.
The first Dis-Chem store was located in Mondeor, a suburb in Johannesburg, South Africa.
Dis-Chem is currently one of the largest pharmacy chains in South Africa with over 180 stores nationwide.
The company is headquartered in Midrand, South Africa.
Dis-Chem employs over 18,000 people.
The company offers a range of products and services, including pharmaceuticals, health supplements, beauty products, and baby care items.
In addition to its retail stores, Dis-Chem also operates several clinics that offer various health services, including blood tests, vaccinations, and basic health screenings.
Dis-Chem has its own private label range of products, including vitamins, supplements, and skincare products.
We need price to break above and close above the brim level to confirm upside to come.
7>21 bullish
Price<200 but likely to head up to equilibrium.
RSI>50 Bullish
Target R30.24
SMC
SSL (Order block)
ABOUT THE COMPANY
Dis-Chem was founded in 1978 by Ivan Saltzman and his wife, Lynette.
The first Dis-Chem store was located in Mondeor, a suburb in Johannesburg, South Africa.
Dis-Chem is currently one of the largest pharmacy chains in South Africa with over 180 stores nationwide.
The company is headquartered in Midrand, South Africa.
Dis-Chem employs over 18,000 people.
The company offers a range of products and services, including pharmaceuticals, health supplements, beauty products, and baby care items.
In addition to its retail stores, Dis-Chem also operates several clinics that offer various health services, including blood tests, vaccinations, and basic health screenings.
Dis-Chem has its own private label range of products, including vitamins, supplements, and skincare products.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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