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