Dischem showing strong upside to R30.24 Cup and handle formed on the daily.
We need price to break above and close above the brim level to confirm upside to come.
7>21 bullish
Price<200 but likely to head up to equilibrium.
RSI>50 Bullish
Target R30.24
SMC
SSL (Order block)
ABOUT THE COMPANY
Dis-Chem was founded in 1978 by Ivan Saltzman and his wife, Lynette.
The first Dis-Chem store was located in Mondeor, a suburb in Johannesburg, South Africa.
Dis-Chem is currently one of the largest pharmacy chains in South Africa with over 180 stores nationwide.
The company is headquartered in Midrand, South Africa.
Dis-Chem employs over 18,000 people.
The company offers a range of products and services, including pharmaceuticals, health supplements, beauty products, and baby care items.
In addition to its retail stores, Dis-Chem also operates several clinics that offer various health services, including blood tests, vaccinations, and basic health screenings.
Dis-Chem has its own private label range of products, including vitamins, supplements, and skincare products.
