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A nice looking horizontal bullish flag on distell. The stock could possibly be halted by the alcohol ban. However, I think the ban on alcohol will be lifted soon and the company will be back to cash generation. We could see the share being spring boarded by the lifting on the ban. Even if its a restricted sale of alcohol. My minimum target for this is 12161c. I’m...
Looking the daily chart, we can see resistance being found at the top of the descending channel. Indicators are showing price weakness now and I think there's at least 5 bucks to be made here (possibly more). I'm short now just above 95.00. Will look to take profit at around 90.00. (we will assess if it gets there. Stop loss is a breach of the channel, which would...
120 looks like a very good target for Distel
NIce bullish flag on Distell, looks like the selling pressure has come off the wheels now. We saw a doji prior to the breakout
Distell has formed a typical Wyckoff Accumulation Trading Range. After the Selling Climax (SC), Automatic Rally (AR) and Secondary Test (ST) in Phase A we saw a lower volume adsorption volume in Phase B and then a Last Point of Support (LPS). Now there has been a change in character with Signs of Strength (SOS) seen by the increase in volume and ease of movement...
How far can the good results push the price of Distell.
Finally broke the Triangle to the up side, cheers to that
I believe the previous view hold and some prove of recovery has commences. Competition commission outcome also clear
this is a followup ...still on track and might be supported with a lift in the ban
There is a 30% gap between these two and this is driven by a SA lockdown. This can go 2 ways . The debt level can become a problem and this can go further south . Or we can get a lift on Alcohol ban never seen in any country before and hence this might be a opportunity that has presented itself with a quick 15% in a short space. Who knows but this is...
This trend is changing might be after results release The restricted export of Amarula from South Africa also contributed to overall revenues and volumes declining by 10.3% and 15.4% respectively. Distell’s International Spirits business proved buoyant, with positive volumes and revenues recorded in the fiscal period. Overall, as a result of the above, Distell...
Trading update and pre-close investor call Distell Group Holdings Limited REGISTRATION NUMBER: 2016/394974/06 JSE share code: DGH ISIN: ZAE000248811 (‘Distell’ or ‘the Group’ or ‘the Company’) TRADING UPDATE AND PRE-CLOSE INVESTOR CALL TRADING UPDATE COVID-19 Update The board and management of Distell wish to update the market on various elements of...
DISTELL GROUP HLDGS LTD is trading close to the low after the big fall . In SA they where hit by the ban of alcohol sales and currently sales only available on week days. with SA lock down in easing mode and the court case of tobacco so far potentially supporting lifting of the ban . Restaurants will partially open this week for the first time . This might be a...
Distell - possible catch-up play. - 8-EMA Clearing 50-EMA (daily chart) - 8-EMA above and expanding AWAY from 21-EMA (daily chart) - MACD back above zero for the first time since November 2019 - RSI trending up and in bull territory. Now at a 58 print. - Ascending triangle, upside breakout - Now 8500c, looking at around 9700c as a 1st target. Stop: 8170c - Has...