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Innocentmaponde
Jan 21, 2019 11:27 AM

Discherm now on the other side of Bear flag Short

DIS-CHEM PHARMACIES LTDJSE

Description

Last Thursday (17 Jan) we saw the price break the support on the bear flag which had formed on the daily chart. With a Trading update expected in early February (which I'm expecting to be bad) I'm expecting further downside.
I'm calling a short on DCP on a restest of the breakout level around R27.50. A price of R28.50 will be my signal to get out.Take profit target is R25.
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