Kevin2535

JSE:DSY Next leg up?

Long
JSE:DSY   DISCOVERY LTD
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...

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