Peet_Serfontein

DCP: some upside potential?

Long
JSE:DCP   DIS-CHEM PHARMACIES LTD
A price action above 3000 supports a bullish trend direction.
Crossing above 3100 triggers the option to increase long exposure.
The target price is set at 3200.
The stop-loss price is set at 2800.
Remains in an inclining channel pattern.
As long as the price action remains above its 23.6% Fibonacci retracement level.
Remains a risky trade.

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