Distell Group (DGH) – Technical Trade Idea – UnumCapital
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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.

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