Discovery Long-Term Investment Idea
Long-Term Investment Idea
Long-Term Investment Idea
Long-Term Investment Idea
DSY trade ideas
#VIllageTraderZA Symmetrical triangle @VillageTraderZAWe have a giant symmetrical triangle pattern on Discovery. We recently had a golden cross on the stock. A breakout from the triangle provides an excellent risk reward opportunity with a stop loss just below the 200 day EMA at R132 and a profit target using the width of the triangle from its broadest point
DSY DISCOVERY is looking to push to previous highs of May 2021Price structure/Technical analysis shows us that price is forming a nice pennant and should price break the top trendline, then market should take it as confluence to go long.
POSSIBLE LONG IDEA ON DSYPrice is forming a nice bull/wedge flag here. It would be nice to see more buyers coming in here in support of a proper move higher. The LT trend is up. Always manage your risk
Bounce of support once againDiscovery gave a scary drop but support held, indicators still in place, not selling just yet.
What are your thoughts on Discovery?
AG Capital -Storm trading Morning Call 30 August 2021 We 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.
DSY on my radarPrice may have found a base of support at 12650 but there is bearish engulfing candle from the LTD, which indicates selling pressure around the 13000 level as price moved down sharply after testing this level. Patience here looking for a bounce and close above the DEMA for a long. The long term trend is currently up.
Discovery - Long (Swing trade)- #JSEDSY has reached oversold levels and is looking to get a bit of relief from the last leg down
- Decent breakout out of a consolidation period
- Increasing volume on the daily and bullish price action
-Aiming for the R130 zone and then the 200 day moving average / R126.50 will be the first hurdle for the bulls
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
JSE:DSY Next leg up?JSE:DSY looking to be consolidating at the .618 Fib level and finding support on the daily around R120. Strong Bullish Divergence on the daily with Hidden Continuation Divergence on the weekly and seems like we could be starting to ramp upwards heading into earnings announcement.
Confirmation of move - break the R135 mark. Stop loss at R118 as next support level is R106 and then R94.
Fundamentals - Vaccination drives ramping up in SA, Discovery Bank market share increase and insurance mindset adjustment in SA...
Can we get a move up?Looks like it built a good base there and is setting up to move higher, do you agree?
Discovery Stop-Loss Tested. 2 out 3. Exit Trade2 out of 3 on this name.
1st Long - winner
Exit call - well-timed time at 152.00
2nd Long - stop-loss hit.
Discovery - Short Term Oversold?*Short Term Traders Only*
DSY has acted well, first on the long side from just above 13000c, followed by an exit at 15200c (see related).
Reviewing the daily chart, the 7-day RSI is 'NEAR OVERSOLD' and judging by previous readings, this may be an opportunity for short term traders to pick up some for a move to say, around 13300c.
Buy at current level, 12581c or better.
Stop-loss: 12240c
DSY - Price Path Followed, Now Time To ExitThe share followed our projected price path (see attached idea), from the early 130s to 152. For short term traders, now is the time to exit.
DSY: 200-day acted as major supportSeems like the 200-day acting as major support.
Furthermore, the price action corrected from the lower range of the linear regression channel. This increases the likelihood of a mean reversion trade.
Bullish MACD crossover supports the bullish trend direction.
Upside price momentum supports the bullish trend direction.
Discovery swing tradeJSE:DSY found support on the 200 day exponential moving average. It's now back above the 50 day exponential moving average. At current price, it can be a swing trade with 1:2 risk to reward.
Nice bullish flag on Discovery A nice bullish flag on Discovery. the stock broke back to the R134 - R157 box. I've added to my position just be for the close
Discovery Ltd AnalysisDiscovery has been on a gradual uptrend since 2008 and seeing more volatility and trading activity around 2013. Since then it has only broken uptrend support line last year during the lockdown impact on the industry as a whole. The good news is it quickly recovered and went back above the support line and is currently sitting very comfortable.
However on the down side, considering the very active fluctuations, the stock has basically had no growth from 2015 until now.
If we look at it from a closed window point of view however, the share price has been on an uptrend since the Covid dip. Recently experiencing lower highs, lets hope this is just part of the general fluctuations and hopefully we see some positive movement. Price to beat since covid is R 160.00 which looks like a major resistance at this point.
DiscoveryDiscovery moving within a rising channel and it is currently at support level of the channel at R131. We anticipate that support will hold and we will be expecting bulllish movement from that level with first target of R155.00
Upward channel looking shakyNot liking the last candle, would give it a little longer to check recovery.
DiscoveryPrice testing a year old trendline support, which is also coinciding the 200dma.
Should they both break 100 will be exposed.
