DISTELL GROUP HLDGS LTD

DGH JSE

VillageTraderZA

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...

RobbyP

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...

VillageTraderZA

120 looks like a very good target for Distel

VillageTraderZA

NIce bullish flag on Distell, looks like the selling pressure has come off the wheels now. We saw a doji prior to the breakout

SteynTrade

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...

VillageTraderZA

How far can the good results push the price of Distell.

TradingMzansi

Distell shot up to touch the 200 day MA

TradingMzansi

Finally broke the Triangle to the up side, cheers to that

TradingMzansi

Let's drink to that!

williamhenry

I believe the previous view hold and some prove of recovery has commences. Competition commission outcome also clear

williamhenry

this is a followup ...still on track and might be supported with a lift in the ban

williamhenry

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...

rynardt800

Distell should hit 10% improvement the day alcohol opens again

williamhenry

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...

williamhenry

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...

williamhenry

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...

Lester_Davids

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...

InterPracAssetM

sell oppotunity on the break of the trend line