Discovery Ltd Analysis
Discovery has been on a gradual uptrend since 2008 and seeing more volatility and trading activity around 2013. Since then it has only broken uptrend support line last year during the lockdown impact on the industry as a whole. The good news is it quickly recovered and went back above the support line and is currently sitting very comfortable.
However on the down side, considering the very active fluctuations, the stock has basically had no growth from 2015 until now.
If we look at it from a closed window point of view however, the share price has been on an uptrend since the Covid dip. Recently experiencing lower highs, lets hope this is just part of the general fluctuations and hopefully we see some positive movement. Price to beat since covid is R 160.00 which looks like a major resistance at this point.
However on the down side, considering the very active fluctuations, the stock has basically had no growth from 2015 until now.
If we look at it from a closed window point of view however, the share price has been on an uptrend since the Covid dip. Recently experiencing lower highs, lets hope this is just part of the general fluctuations and hopefully we see some positive movement. Price to beat since covid is R 160.00 which looks like a major resistance at this point.
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