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DSY
Ideas

DISCOVERY LTD

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DSY trade ideas

#VIllageTraderZA Symmetrical triangle @VillageTraderZA We have a giant symmetrical triangle pattern on Discovery. We recently had a golden cross on the stock. A breakout from the triangle provides an excellent risk reward opportunity with a stop loss just below the 200 day EMA at R132 and a profit target using the width of the triangle from its broadest point

Long

by VillageTraderZA

DSY DISCOVERY is looking to push to previous highs of May 2021 Price structure/Technical analysis shows us that price is forming a nice pennant and should price break the top trendline, then market should take it as confluence to go long.

Long

by PlacidBullFinancialMarkets

POSSIBLE LONG IDEA ON DSY Price is forming a nice bull/wedge flag here. It would be nice to see more buyers coming in here in support of a proper move higher. The LT trend is up. Always manage your risk

Long

by AcolyteTrader

Bounce of support once again Discovery gave a scary drop but support held, indicators still in place, not selling just yet. What are your thoughts on Discovery?

Long

by TradingMzansi

DISCOVERY a possible bounce on discovery on the zone moving higher

Long

by Sbo_Dhlamini

AG Capital -Storm trading Morning Call 30 August 2021 We give a quick recap of markets overnight and the previous day and insights into the day ahead with a few trade ideas on the day. Ideas are strictly NOT INVESTMENT ADVICE.

04:52

by Mike_Ledwidge

DSY on my radar Price may have found a base of support at 12650 but there is bearish engulfing candle from the LTD, which indicates selling pressure around the 13000 level as price moved down sharply after testing this level. Patience here looking for a bounce and close above the DEMA for a long. The long term trend is currently up.

by AcolyteTrader

Discovery - Long (Swing trade)- #JSEDSY has reached oversold levels and is looking to get a bit of relief from the last leg down - Decent breakout out of a consolidation period - Increasing volume on the daily and bullish price action -Aiming for the R130 zone and then the 200 day moving average / R126.50 will be the first hurdle for the bulls -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.

Long

by Trader-Dan

JSE:DSY Next leg up?JSE:DSY looking to be consolidating at the .618 Fib level and finding support on the daily around R120. Strong Bullish Divergence on the daily with Hidden Continuation Divergence on the weekly and seems like we could be starting to ramp upwards heading into earnings announcement. Confirmation of move - break the R135 mark. Stop loss at R118 as next support level is R106 and then R94. Fundamentals - Vaccination drives ramping up in SA, Discovery Bank market share increase and insurance mindset adjustment in SA...

Long

by Kevin2535

Can we get a move up?Looks like it built a good base there and is setting up to move higher, do you agree?

Long

by TradingMzansi

Discovery Stop-Loss Tested. 2 out 3. Exit Trade 2 out of 3 on this name. 1st Long - winner Exit call - well-timed time at 152.00 2nd Long - stop-loss hit.

by LD_Perspectives

Bottom of Channel Can it turn at previous support?

Long

by TradingMzansi

Discovery - Short Term Oversold?*Short Term Traders Only* DSY has acted well, first on the long side from just above 13000c, followed by an exit at 15200c (see related). Reviewing the daily chart, the 7-day RSI is 'NEAR OVERSOLD' and judging by previous readings, this may be an opportunity for short term traders to pick up some for a move to say, around 13300c. Buy at current level, 12581c or better. Stop-loss: 12240c

Long

by LD_Perspectives

DSY - Price Path Followed, Now Time To Exit The share followed our projected price path (see attached idea), from the early 130s to 152. For short term traders, now is the time to exit.

by LD_Perspectives

DISCOVERY discovery may be preparing for a blast off

Long

by Sbo_Dhlamini

DSY: 200-day acted as major support Seems like the 200-day acting as major support. Furthermore, the price action corrected from the lower range of the linear regression channel. This increases the likelihood of a mean reversion trade. Bullish MACD crossover supports the bullish trend direction. Upside price momentum supports the bullish trend direction.

Long

by Peet_Serfontein

Discovery swing trade JSE:DSY found support on the 200 day exponential moving average. It's now back above the 50 day exponential moving average. At current price, it can be a swing trade with 1:2 risk to reward.

Long

by Trend_Trader_JSE

Nice bullish flag on Discovery A nice bullish flag on Discovery. the stock broke back to the R134 - R157 box. I've added to my position just be for the close

Long

by VillageTraderZA

Updated

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.

by AfroTez

Discovery Discovery moving within a rising channel and it is currently at support level of the channel at R131. We anticipate that support will hold and we will be expecting bulllish movement from that level with first target of R155.00

Long

by IntelliTrader_2021

Upward channel looking shaky Not liking the last candle, would give it a little longer to check recovery.

by TradingMzansi

Discovery Price testing a year old trendline support, which is also coinciding the 200dma. Should they both break 100 will be exposed.

by Innocentmaponde

DSY Long JSE:DSY is showing good upward momentum and is looking promising for a long position. After the EMA's crossed we have had 2 "red days" but is still showing upward momentum. I think we could see a move towards the 15000 resistance level.

Long

by RossLarter

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