RobbyP

Discovery- SHORT THE BOUNCE

Short
JSE:DSY   DISCOVERY LTD
DSY looks to making an attempt to retest the break-out level and has once again become resistance. Momentum indicators based on the daily chart are all still very weak which suggests that this bounce is too. I think Discovery is a convincing short at 135.00 with a potential medium term downside of R15.00. Targeting R120.00ish
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