DCP - Icerberg order at R30 DCP has a had a buyer at R30 for the last 2 sessions. Should he drop the short idea is triggered while a break above R30.80 triggers the long idea.
DCP trade ideas
Short position on DCPParabolic moves in stocks sometimes retrace 50% of their move. Everything about this short idea technically is screaming don't do it but its worth looking at the other side of the trade. Stop @2808 Entry @2752 Limit @2585 . P.S This is a risky trade.
Dis-Chem Pharmacies - Ultra Short Term, ReduceThe share has followed my envisioned price path from 15 April, and then some however the daily RSI is now at 82 (with price of 2667c), so it's looking a bit frothy. May be a good level to trim if you have an ultra short term time horizon.
Dis-Chem Pharmacies - Following ThroughI believe if you are publishing trade ideas or analysis, it has to be clear-cut and to the point. For me, helping clients understand that prices don't go up/down in a straight line is key. On this basis, I've started adding a 'potential price path' which in some cases show that a share may pull back before moving higher. DCP has followed our previously highlighted path, reaching the target, but continuing to act well, with potential for more upside...over time.
Dischem breaks and stays above long term resistanceDicchem breaks a long term down trend over head resistance.
DCP - Bull flag Close above R22.80 triggers long idea. 1st target at R24 and full target at R26. Stop loss below R22
Change of trend?Dischem price seems to be holding above the downtrend line. Hopefully, some momentum to the upside with the MACD.
Can Dischem break out?Hoping this line can hold and Dischem can break out of the longterm downtrend.
DCP Dis-Chem Pharmacies (DCP, 2137c) | The name continues to be a 'steady grinder' from our last buy call at 1715c, +24% (30 July). At current levels, the share is breaking to the upside of a bull flag technical formation while also breaking to the upside the base in place since 12 May 2020.
For fresh longs, buy on a close above 2135c
Stop: 1996c
Targets: 2405, 2612c
DCPPrice Action Positive - Second Wave, Up? | We continue to monitor the share price as it builds a short term technical bull flag pattern that would be triggered above a price of 2125c. Supporting the continued positive technical outlook is the price consolidation on it's 200-day moving average. At a fundamental level, the group's last set of results revealed that Revenue for the 6 months was higher by 8.1% while Headline Earnings Per Share for the same period improved by 16.2% for. Same stores sales at +1.5% for the period while wholesale revenue grew by 14.9% to R9.3bn. As mentioned, clearing 2125c or the downward trend line channel would trigger a buy with a stop-loss of 2005c and targets of 2255c and 2390c.
DCPDis-Chem Pharmacies (DCP, 2127c) | The name continues to be a 'steady grinder' from our last buy call at 1715c, +24% (30 July). At current levels, the share is in the latter stages of developing a bull flag technical formation while also attempting to break to the upside the base in place since 12 May 2020. The bull flag is around 55-60% complete which means we would see come consolidation in coming sessions however traders should monitor for a breach of the bull channel as a trigger that the next leg is about to commence. Also note the price attempting to find support on the second tier of the aforementioned multi-month base.
This chart forms part of a larger research note.
Double bottom break and retest. Nice long trade here on DichemMight have been late but the risk-reward still rather worth it target the R23-R26 level with a stop around the R18
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 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.
what is going on here ?Difficult to read this and it seems that they cannot stay out of bad media who has got some views here
JSE:DCP - Possible b/flag (W)JSE:DCP - A weekly close below 1673 confirms the pattern. A close above 1847 nullifies the idea
The lines of DischemDischem been in a long-term downward channel, hoping it could at least pop up a few levels here.
