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RossLarter
Jan 11, 2021 11:03 AM

DSY - Bounce off strong resistance Short

DISCOVERY LTDJSE

Description

JSE: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.
Comments
TheSignalyst
Beautiful i like this kind of clean charts. You are amazing
RossLarter
@TheSignalyst, Thanks for your kind words.
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