Top
Distell Group (DGH) – Technical Trade Idea – UnumCapital
fade
13758
post-template-default,single,single-post,postid-13758,single-format-standard,eltd-core-1.2.1,tribe-no-js,flow-ver-1.6.3,,eltd-smooth-page-transitions,ajax,eltd-blog-installed,page-template-blog-standard,eltd-header-standard,eltd-fixed-on-scroll,eltd-default-mobile-header,eltd-sticky-up-mobile-header,eltd-dropdown-default,wpb-js-composer js-comp-ver-6.0.5,vc_responsive,elementor-default

Distell Group (DGH) – Technical Trade Idea

Distell Group (DGH) – Technical Trade Idea

Distell – possible catch-up play.

– 8-EMA Clearing 50-EMA ( daily chart )
– 8-EMA above and expanding AWAY from 21-EMA ( daily chart )
MACD back above zero for the first time since November 2019
RSI trending up and in bull territory. Now at a 58 print.
Ascending triangle , upside breakout
– Now 8500c, looking at around 9700c as a 1st target. Stop: 8170c
– Has under-performed All Share

Lester Davids

Lester joined Unum Capital in July 2016 and is a Trading Desk Analyst focusing on local (JSE) and global multi-asset class technical strategy and research which includes idea generation.

No Comments

Post a Comment