With the financials having been running lately could Discory break out of the R119 - R133 range. looking for a break to the upside as the 30w EMA is looking to cross the 60w EMA to the upside and 200d EMA as well
JSE:DSY seems to be on its way up after the down move of the Head & Shoulders pattern. It didnt quite reach the target, but instead found resistance on the 200 moving average. If it continues through the neckline upwards and uses it as support, I will go long.
A Head and Shoulders pattern has formed on JSE:DSY and we could be seeing a nice downward move all the way to the support level at the 10200 if level if it confirms a break through the neckline of the pattern.
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:...