Innocentmaponde

Discherm consolidating for another move lower?

Short
JSE:DCP   DIS-CHEM PHARMACIES LTD
I previously missed entry for a short trade when the price broke to the other side of R28.
On the daily chart, price seem to be consolidating again for another move lower.
With a trading update due in the 2nd week of February, I'm monitoring the R26 area for possible entry into a short trade.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.