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.
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Thursday 12 December 2024 (Time: Pre-Market)
DSY Discovery Holdings
Notes on the slide below
Lester Davids
Analyst: Unum Capital
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