Trade Discovery Ltd with Unum Capital.
To get started, email lester@unum.co.za
Points to note (also stated on the chart)
Candle structure: momentum being lost + relative distribution
MACD negative crossover
Previous Post: DISCOVERY Extended Relative To The JSE Top 40 Index
The chart reflects a ratio of of DSY relative to the JSE Top 40 Index where the distance versus the 40-week simple moving average reflects an extended level (+29% in December 2024).
Note the previous extension coinciding with bearish reversal, or at best, the start of period of consolidation.
Previous Post: DISCOVERY Pending Bearish MACD Crossover + Most Overbought Reading in +10 Years
Thursday 12 December 2024 (Time: Pre-Market)
DSY Discovery Holdings
Notes on the slide below
Lester Davids
Analyst: Unum Capital
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