Discovery Positive ChannelDiscovery Up nicely but seemed to hit previous resistance and top of positive channel - might see a bit of a pull back first
DSY trade ideas
Strategy Screen: GLN, DSYA Strategy Screen identifies and highlights shares that may potential fit a certain trading setup (for example: 'buying at the rising 50-day EMA').
This screen is geared toward ultra short term/active traders. In addition, the instruments covered assumes no existing positions held by the trader i.e. the next best buying level or next best selling level.
For more research including trade ideas, get in touch today.
Nice breakout with a bullish engulfing candleNice rebreak higher from DSY with a bullish engulfing. Providing a good 5 to risk reward targeting the 185 highs. With a stop loss below the 200 day EMA.
Requires some patience on this trade
Discovery hit our target at R132.65 new C&H to R151.00Discovery hit our target at R132.65
New Cup and Handle
Target R151.00
RSI >50 and heading up
Bullish
$JSEDSY - Discovery Ltd: About To Rediscover Some Buyers?After a 45% retracement from R184,82 to R100,73 DSY caught a big and rallied to R129,32.
Price has since consolidated in a tight range between R116,09 and R129,32.
The MACD paints a bullish picture.
The rally from R100,73 was preceded by MACD/price convergence and the rally saw the MACD break decisively above the zero line.
During the consolidation, the MACD pulled back but has remained above the zero line and has recently given a MACD crossover buy signal.
Aggressive traders can use R115,00 as a stop-loss level.
Breaking Downward ChannelDiscovery seems to be breaking this downward channel, looks like it broke, retest and is taking off.
What do you think?
DSYTrading Setup On Watch: Discovery Holdings DSY
Yesterday's closing 7-day RSI was 85, suggesting the share is approaching an ultra short term overbought range.
In addition, two other potential resistance levels coincide: (1) the prior breakdown level at 12150c which rejected yesterday and (2) the 61.8% Fibonacci retracement zone just above at 12307c.
A further push higher in the share may see the ultra short rating become even more extreme, providing a short/sell opportunity for active traders .
Discovery heading down Inverse Cup and Handle dailyDiscovery showing another nice short position... It's broken below an Inverse Cup and Handle on daily and momentum is favouring downside. Target R56.12.
Discovery DEATH CROSS ooooooooooooooooh! (No Vitality here)We are witnessing the fruition of the 50 day moving average crossing below the 200 day moving average, otherwise known as a "death cross". One thing is for sure, this price looks weak and sick. If this level does not hold, we will see the stock trade sub-R120.00
DSYPublished a few minutes ago on our client platform.
Discovery Holdings (DSY)
Higher lows + MACD Positive Divergence + Sharp Retracement Off 52-Week Highs.
Relief Rally Developing?
Entry: 12803.00
Target: 14200.00
Stop-loss: 12345.00
For more research including trade ideas, get in touch today.
DSY possible bounce coming?After a 25% straight drop on DSY share price it is now starting to move sideways. DSY needs to clear and close above R140 to stage a possible bounce to the R150 area.
Trade ideas are my own and not financial advice.
Discovery - Bullish Engulfing off SupportA bullish engulfing candle has formed on JSE:DSY signaling a long position.
Discovery Cup and Handle formation pointing up!Discovery looks to be on a strong trajectory up since it broke up and out of a Cup and Handle formation (shaded area).
My first target would be around R226.00.
DSY bull flagDSY triggered a small bull flag. Target R190 if it plays out.
Trade ideas are my own and not financial advice.
DISCOVERY - Caution to the upside- Discovery has been rallying hard and reached a swing high of R185
- Signs of momentum slowing are appearing and a break of 179.50 could open a leg down towards the 20ema and then 50 ema if that does not hold
- Above R185 will open another push up
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
AG Capital -Storm trading Morning Call 28 February 2022We give a quick recap of markets overnight and the previous day and insights into the day ahead with a few trade ideas on the day. Ideas are strictly NOT INVESTMENT ADVICE.
Discovery - potential downward moveWith the strong downward momentum of today's move along with the EMA's, stochastic and MACD, I think we could see a nice short position coming on JSE:DSY
AG Capital -Storm trading Morning Call 24 February 2022We give a quick recap of markets overnight and the previous day and insights into the day ahead with a few trade ideas on the day. Ideas are strictly NOT INVESTMENT ADVICE.
JSE:DSY on my watchlistA LT view here . Price testing key technical SR level. Looking for price to close >15400 for a long pos.
Discovery - Inverted Head & ShouldersAn inverted Head and Shoulders pattern has formed on JSE:DSY if it breaks through the neckline, we could see a ove towards the target and resistance level at around 180000
@VIllageTraderZA Symmetrical triangle breakout Nice breakout providing a nice R:R opportunity. Discovery starting the well
DISCOVERY - Yearly Inside Bar Discovery formed an inside yearly bar for 2021 , range R157.82 - R117.17
Bullish case will be a break of the R157.82 high to trade towards R168.50 then R193.61
Early entries and risk management can be done on the smaller Monthly/Weekly/Daily charts
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
DISCOVERY LIMITED A huge reverse head and shoulders discovery might be gearing fora strong move higher
