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Timonrosso
Sep 28, 2023 12:08 PM

Discovery Head and shoulders - Aggressive downside Short

DISCOVERY LTDJSE

Description

Head and Shoulders formed on the Daily.
The price has clearly struck below the neckline showing it wants to come down.
Aggressive traders would take full advantage here but conservative traders will wait for the price to go back up and retest the resistance before the fall.
21>7
Price<200
RSI<50
R118.00
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