Discovery may be bouncing of the support level and making a recovery
Head and Shoulders formed on the Daily. The price has clearly struck below the neckline showing it wants to come down. Aggressive traders would take full advantage here but conservative traders will wait for the price to go back up and retest the resistance before the fall. 21>7 Price<200 RSI<50 R118.00
Discovery broker out of the rage a strong move to the upside at play
Discovery hit our target at R132.65 New Cup and Handle Target R151.00 RSI >50 and heading up Bullish
A huge reverse head and shoulders discovery might be gearing fora strong move higher
Discovery looks attractive for a buy for the next coming days
After a good markup phase, Discovery has undergone distribution. After a breakout of the distribution trading range (TR) price has backed up (BU) to the TR and is now pushing lower which could be the start of the markdown phase. Volume has declined on the BU and divergence with the volume RSI indicates a continuation of the decline.
JSE:DSY Back test of the broken support now resistance and big red bar.
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...
JSE:DSY Made hammer on massive volume on Friday on big support. This can be nice long with stop loss bellow Friday's low.
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