DISCOVERY LTD ; JSEExpecting this pair to respect the triangle and dropShortby TheGreatestMarketAnalyst3
Discovery Correction With Big TargetsDiscovery Ltd. is listed on the Johannesburg Stock Exchange and is an integrated financial services organisation, specialising in health insurance, life assurance, wellness, investments, savings products, short-term insurance and credit card products. Technicals The corrective structure indicated above has targets of between 19000 and 21000 which is a long way up. We are in wave 3 of a possible 5 of the correction. I will be looking for wave 3 to break the low of wave 1 before looking for reversal signs to enter the long. Happy trading! LintonLongby Linton_White4
$JSEDSYJSE:DSY Broke from symmetrical triangle on hourly chart this morning. More downside to come $JSEDSY should retrace some 10% or soby ALSITRADERUpdated 8
JSE:DSY Discovery showing strengthDiscovery (JSE:DSY) is showing strong leadership as compared the JSE Wyckoff Wave (10 Core JSE stocks). The OBV is indicating bullish pressure. The stock has broken the 200 Day SMA, is above the Monthly and Yearly Pivot Points and is now pushing up against a significant volume cluster at 180 formed by the consolidation at the previous highs. On Thursday there was significant volume pushing up to this level and the JSE Top40 has also shown strength. If price pushes above the 180 level, the previous high could be tested with momentum behind it. Longby SteynTradeUpdated 6