$JSEDSY Discovery. Hitting support and bouncing Long

JSE:DSY1D

DISCOVERY LTDJSE

Description

⋅ Aug 15, 2019 12:50 PM

I think a 120 target could be on the cards. Stick to a stop loss on this one if support doesn't hold in days to come.

Comment

⋅ Aug 19, 2019 1:20 PM

Big bearish engulfing candle forming on daily. Might implicate this long idea is toast. Still a wait and see approach. Stick to stop losses.

Chart Patterns Equity

Comments

Raees_21

⋅ Aug 21, 2019 9:32 PM

Your support line gets lower every time discovery goes lower, I think that wick down shows it’s broken down from support and will test lower levels, with the previous support citing as resistance