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DSY

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...
JSE:DSYLong
by Kevin2535
DECISION ZONE & UPTREND SUPPORTS IDENTIFIED -DASSAULT DSY- DAILYThank you for you likes and shares! Much Appreciated! _______________________________________________________________ DSY DASSAULT SYSTEMES price have been bouncing several times on the pink decision zone. It is probably the best level for entry/exit in this market. The blue uptrend line have experienced a strong pullback on it marking an amazing triangle with several elastic effects resulting in a break up above the decision zone. Another shadowed uptrend line have found its existence and the market could use this invisible line to test again a rebound on it. This chart helps to see this market in a simpler and uncommon way enhancing the logic behind price movements.
EURONEXT:DSY
by Diallo_Charts_Ideas
$JSEDSY Discovery - chart structure bearish *see analysis belowSimilar to the MTN analysis (but on the opposite side), i want to use this as a good example of a bearish technical structure. It is clearly evident on the Discovery chart that every attempt to rally is met with a lower swing high & the counter is also able to post new swing lows on the downturns. I have only showed the 50 and 200 day moving averages for clarity purposes, but if you had to bring up all the major moving averages, one can also clearly see that the moving averages are pointing down with the short term averages crossing below the longer term averages. In my opinion this is the type of chart structure where you would be looking to adopt an approach of shorting the rallies, rather than trying to pick the bottoms for a bounce. The balance of probabilities would favor downside in this share. Looking at the fundamentals, two things that concern me (1) the launch of the banking business is proving to be very capital intensive indeed which should depress earnings at least for the next little while.. (2) we have seen directors take out protective collar and hedging strategies to protect their share options (not something that exactly instills confidence in the stock). Two levels to monitor for shorting on the rallies are R150 which is the previous peak, and R155 which coincides with a previous peak as well as the declining 200 day moving average. Also watch the current level of R142.60 which is proving tough resistance at the 50day moving average. If one zooms out a bit on the chart and looks at a longer weekly view, it would not surprise me if over time we were to retest the massive horizontal support level at R110.00 which would also coincide with the bottom of the fibonacci channel.
JSE:DSYShort
by MarcoOlevano
2
Discovery Correction With Big TargetsDiscovery Ltd. is listed on the Johannesburg Stock Exchange and is an integrated financial services organisation, specialising in health insurance, life assurance, wellness, investments, savings products, short-term insurance and credit card products. Technicals The corrective structure indicated above has targets of between 19000 and 21000 which is a long way up. We are in wave 3 of a possible 5 of the correction. I will be looking for wave 3 to break the low of wave 1 before looking for reversal signs to enter the long. Happy trading! Linton
JSE:DSYLong
by Linton_White