DSY - Potential H&S patternA close below R120 will trigger the short idea. Target of R103 with stop loss a close above R135. Shortby JonathanOtero7fUpdated 1
Possible Head and ShouldersLooks like a possible head and shoulders formation, monitor for breakShortby TradingMzansi0
Conflicting signals on Discovery Discovery The insurance giant is giving some conflicting signals. A possible restest of the 200 Week EMA after breaking it and having a golden cross. A possible bullish rectangle flag, and a possible head and shoulders pattern. The share currently trading around the 200 EMA. Let’s wait and see which side wins this one. Bull or the bears Weekly game plan: villagetrader.co.zaby VillageTraderZA0
DSY SHORTDSY a head and shoulder formation is forming. A break of the neckline will see a test of the 200dma as the short targetShortby nicwal251
$JSEDSY - Breaking outDiscovery has broken its downtrend and is looking good for a move higher.Longby Trad3r_160
Triangle continuous pattern JSE:DSY A nice triangle continuous pattern formed to target the R135 level.Longby VillageTraderZA0
DSY ASCENDING TRIANGLEDSY BREAKING AN ASCENDING TRIANGLE AND ALSO A GOLDEN CROSS ON SMA. TP AROUND R135Longby jhwolmaransUpdated 1
$JSE DSY still going wellLong signal as shared a week back. stop loss moved, risk free tradeLongby Thera50504
Discovery Channel HoldingDiscovery channel holding for now, forming Ascending Triangle, monitor break for direction Disclaimer: The views provided herein do not constitute financial advice. Please feel free to comment, critique or add to my view, I welcome feedback, whether it agrees with my views or not. This idea is based on my strategy, please consider your own before using it in any way. Always use a stop-loss and manage risk. by TradingMzansi4
Will Discovery Hold?Discovery looking to test upward channel. Monitor for break/hold.by TradingMzansi5
JSE:DSY Discovery Test of Previous Support CompleteFollowing the markdown of Discovery since 2019 (See posts listed below) we have now seen a retest of the previous support now become resistance. We can now expect a test of the lows around R60 and then watch for a further break lower. Shortby SteynTrade6
$JSEDSY once again battling at its 200dmaKeep an eye on this one- if history repeats, the 200dma which has acted as strong resistance on any snap-back rally should be a very decent level to enter a short position with a fairly tight stop loss. Shortby MarcoOlevano7
DSY Discovery Holdings - from my research note (Sunday 10 May 2020) DSY is one of the names we strongly recommended at the 18 – 19 March lows, in which we argued that “Red Equals Opportunity, 18 March 2020′. From 7200c at the time, to 9772 at it’s last close, the share is now approaching three levels of interest: (1) prior breakdown level (2) downward trend line resistance (3) 0.618% Fibonacci retracement. In addition, the share is approaching the ’round number’ R100 which is often a psychological price target. Also keep in mind a push into the downward trend line and failure for the opportunity to potentially get short.Shortby LD_Perspectives8
$JSEDSY Discovery. Channel break and retest - ShortDiscovery broke a multi month channel and recently tested the breakout level and held. This one could potentially go down to test the recent lows again - 5400. A break back into the channel will trigger a stop loss.Shortby KoosKanmarUpdated 11