jse:dcp Dischem potential CUP & HANDLE ?Will we see the cup & handle upside?
To support >R22 on Dischem is the recent inverse head & shoulders on Dischem (weekly) that also plays out to >R22
JSE-DCP
JSE:DCP DIS-CHEM Effort without ResponseDis-Chem has some effort (Buying volume, negative divergence on the Volume RSI) to get back above 2100. However, the price has been unable to break back to higher levels. A rejection of 2100 on volume points to lower levels and a possible retest of 1600 and could possibly even break this.
JSE:DCP Dis-chem Breaking the Downward StrideDis-chem has been in a downward stride but after a short accumulation with a spring, the trendline was broken. After a backup (BU) it looks like it will break higher and test the yearly pivot point.
