VillageTraderZA

#VIllageTraderZA Inverse head and shoulders

Long
JSE:DCP   DIS-CHEM PHARMACIES LTD
Dischem looking well poised for a breakout. Still having a rather tough time breaking the R32.40 resistance. A break through this level provides an excellent risk reward opportunity. There’s a head and shoulders pattern. Albeit the left shoulder being a bit longer. With a profit target at R36 and a stop loss at R30.50. Assuming a R33 entry level

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