See link below for previous analysis.
Dischem is still trading in the fifth and final wave of the advance from May 2023.
Wave [v] is unfolding as an ending diagonal pattern and has surpassed the previous target of 3300 cps.
There is also a clear loss of momentum in the stock as new highs have not been confirmed by the MACD thereby giving a bearish divergence signal.
The stock can still go much higher though locking in profits is wise at this stage of the trend.
Dischem is still trading in the fifth and final wave of the advance from May 2023.
Wave [v] is unfolding as an ending diagonal pattern and has surpassed the previous target of 3300 cps.
There is also a clear loss of momentum in the stock as new highs have not been confirmed by the MACD thereby giving a bearish divergence signal.
The stock can still go much higher though locking in profits is wise at this stage of the trend.
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.