$JSEDSY - Discovery Ltd: About To Rediscover Some Buyers?
After a 45% retracement from R184,82 to R100,73 DSY caught a big and rallied to R129,32.
Price has since consolidated in a tight range between R116,09 and R129,32.
The MACD paints a bullish picture.
The rally from R100,73 was preceded by MACD/price convergence and the rally saw the MACD break decisively above the zero line.
During the consolidation, the MACD pulled back but has remained above the zero line and has recently given a MACD crossover buy signal.
Aggressive traders can use R115,00 as a stop-loss level.
Price has since consolidated in a tight range between R116,09 and R129,32.
The MACD paints a bullish picture.
The rally from R100,73 was preceded by MACD/price convergence and the rally saw the MACD break decisively above the zero line.
During the consolidation, the MACD pulled back but has remained above the zero line and has recently given a MACD crossover buy signal.
Aggressive traders can use R115,00 as a stop-loss level.
