Trader-Dan

DISCHEM - Breakout

Long
JSE:DCP   DIS-CHEM PHARMACIES LTD
After forming a 5-month base which broke out through the 200dma yesterday on the back of an upgrade, the stock looks set to for a decent leg up.

Note: Volume has been increasing into the date of release

Next hurdle up is R28.00, target price R30.50 (likely not in a straight line). Bulls next to keep price above the rising 20ema now.