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RossLarter

DSY - Bounce off strong resistance

Short
DISCOVERY LTD (JSE:DSY)  
RossLarter  
JSE:DSY   DISCOVERY LTD
Trend Analysis Support and Resistance jse ALSI ZAR southafrica discovery
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trendanalysis supportandresistance jse alsi zar southafrica discovery
DSY has revently bounced off of a strong resistance level that dates back all the way to 2015. If it continues down and breaks below the low formed on the 7th of Jan 2021, I will consider a short position based off of the downward momentum. The stochastic, MACD and the 2 EMA's are all showing signs of a downward move.
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