Discovery (JSE:DSY) is showing strong leadership as compared the JSE Wyckoff Wave (10 Core JSE stocks). The OBV is indicating bullish
pressure. The stock has broken the 200 Day SMA
, is above the Monthly and Yearly Pivot Points
and is now pushing up against a significant volume
cluster at 180 formed by the consolidation at the previous highs. On Thursday there was significant volume
pushing up to this level and the JSE Top40 has also shown strength. If price pushes above the 180 level, the previous high could be tested with momentum behind it.