Datatec (DTC) is an international IT and telecommunications company, operating across multiple continents including North America, South America, Europe, Africa, the Middle East, and Asia. The company is structured into three main divisions: Westcon International, which focuses on technology distribution; Logicalis, which handles integration and managed services;...
Datatec (DTC) is an international IT and telecommunications company operating in more than fifty countries. It operates in the United States, South America, Europe, Africa, the Middle East, and Asia. Its business is divided into three main divisions - technology distribution through Westcon International, integration and managed services through Logicalis, and...
Cup and Handle has formed on Datatec after a couple of months.
Since the price drop, it's been creeping up closing the gap ever so discreetly.
We can even say it's created some type of upward channel.
Either way it's looking bullish and other indicators confirm...
7>21>200
RSI>50
Target R49.21
ABOUT THE COMPANY
Datatec Limited is an international ICT...
JSE:DTC reached a 52-week high today, it also broke above a resistance level. If you zoom into the monthly time frame you'll see that it's near a potential resistance as well, old resistance level. I'm bullish on JSE:DTC on D/W time frames, the resistance level could be an issue but it's an old level.
This is a curious chart. I guess what strikes me is the shares performance over the MRQ.
All signs currently point toward a recovery to the Volume Weighted Average Price (since making it's previous highs).
The Ichimoku Cloud is the only clue as to whether or not prices may find resistance, however I feel there may just be one last push toward the Fib 0.618 or...
Weekly chart shows a defined uptrend with good support since the COVID selloff last year. Some overhead resistance at around the 3090 level, but slowly moving toward upper resistance around the 3700 levels. Maybe one to consider for the long haul.
Datatec Limited (JSE:DTC)
Datatec Limited provides ICT solutions and services worldwide. Following the sale of the Westcon Americas businesses to SYNNEX in September 2017, Datatec operates two main divisions: Technology distribution - Westcon International: distribution of security, collaboration, networking and data centre products and solutions; and...
The current reaccumulation in Datatec has taken some time (See posts below) but potentially we are now ready to continue the markup. We have seen a decline in the volume during the reaccumulation indicating the adsorption of the stock. Divergence on the Volume RSI indicates the upward pressure. Now looking for a clear break higher for the markup to continue.
It has taken some time for the current reaccumulation of complete (see post below). It seems that it is now complete and the markup can continue. There are signs of strength with volume behind it and negative divergence on the volume RSI.
Datatec is currently being marked up after breaking the TR (See the previous post). Some consolidation after breaking through the yearly pivot point and the high after the gap down has taken place. Now it looks ready to continue the upward stride.
Datatec has formed an accumulation trading range (TR) and backed up (BU) to the TR after the breakout. Today there was a breakout of the BU Trading Range. The markup in Phase E can now be expected and potentially could close the gap formed in January 2018.
On DATATEC I have identified an ending diagonal right after the breakout of the key supply turned to support. I expect the market to drop down to that 2600 area as a sign to retest that area then go bullish as to cover up the gap.
