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DIS-CHEM PHARMACIES LTDDIS-CHEM PHARMACIES LTDDIS-CHEM PHARMACIES LTD

DIS-CHEM PHARMACIES LTD

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DCP trade ideas

$JSEDCP - Disc-Chem Pharmacies: Be Wary Of The Rounding TopDischem had a stellar run from the July 2020 all time low of R16,50 to peak at R39,15. The share price has recently come under pressure and looks likely to retest a previous support at R28,34. Further analysis of price action shows a potential rounding top formation. This pattern can also evolve into a head & shoulders. My short-term outlook is to monitor price behavior at the support/neckline level of R28,34.
JSE:DCP
by Loyiso_BlaqueSoros_Mpeta
DISCHEM - Observation- The chart is close to printing a death cross (50 day moving crossing under 200 day moving average) - R31.00 will need to hold else the double target of round R25 could be on the cards - Alternate scenario we find support at these levels and continue to range -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice. If you would like me to have a look at any chart, direct message and i will post my thoughts, Happy Trading!
JSE:DCP
by Trader-Dan
Dis-Chem Pharmacies: Target ExceededTarget exceeded (original idea attached) with high of 3865c on 01 April for a move of +11%. Today the share is showing relative strength as it trades +2%. It trades close to 52-week highs and has the potential to break out however it could also be a 'false breakout' as there's a downside gap to be filled. I'm monitoring. Looking back, this has been a great performer over the last few years. I've also attached the buy ideas going back two years (May 2020). NO short/sell buy the way!
JSE:DCP
by LD_Perspectives
Trade Idea: Dis-Chem Pharmacies STRATEGY: POSSIBLE & PENDING PIERCING CANDLE Time Frame: Short Term. Levels of chart. My pre-market comments: DCP is a recent pivot play that is providing another potential short term opportunity. In the past few weeks, I've discussed the opportunities around piercing (reversal) candles. To refresh your memory, it's a candle where the price has been in a downward trend for several days however the prior day low is taken out and reclaimed, suggesting short term sellers' exhaustion and the possibility of a minor, but tradeable rebound. On the attached chart, there is both a horizontal line and a gradual incline as well as two arrows highlighting a 'potential price path'. Also highlighted on the slide are provisional trading levels (subject to change based on subsequent price action and news flow). Further instructions also highlighted on the left hand side of the chart. SIDEBAR Instructions: Key Trading Levels For Buy/Long Opportunity The highlighted levels may or may not trigger during the upcoming trading session. Blue Lines = Preferred Buying Range Required: If it trades around preferred entry, it needs to hold in the range with intraday strong bids. TF = Short Term If my ideas have benefited you and you're finding it useful, you know what to do....
JSE:DCPLong
by LD_Perspectives