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RobbyP
Aug 31, 2018 9:30 AM

Short sell Dis-chem Short

DIS-CHEM PHARMACIES LTDJSE

Description

The stock has become over-bought rather quickly thanks to the recent rally. The rising price has taken the stock right back up to a rather strong resistance line that developed during that horrible May price plunge.
So what we are seeing now is a price that is over-bought at resistance...that is a sell signal.
Here's the levels I've got in for my clients

Sell (short) DCP (CFD) 33.70/33.95
Stop loss 35.20
Profit target 30.10
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