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Peet_Serfontein
Jan 24, 2024 6:21 AM

DCP: some upside potential? Long

DIS-CHEM PHARMACIES LTDJSE

Description

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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