An extract from my research report for 25-29 January 2021
Discovery Holdings (DSY 12984c) | DSY has acted well for me recently, firstly on the long side as it broke out from a bull flag, then on the short side as it became overextended at around 15500c. At current levels, the lower time frames suggest 'near oversold levels'. Should it trade there, the 11960c to 12100c level appears to be a demand zone at which ultra short term traders could look to accumulate. Stop: 11720c.
Discovery Holdings (DSY 12984c) | DSY has acted well for me recently, firstly on the long side as it broke out from a bull flag, then on the short side as it became overextended at around 15500c. At current levels, the lower time frames suggest 'near oversold levels'. Should it trade there, the 11960c to 12100c level appears to be a demand zone at which ultra short term traders could look to accumulate. Stop: 11720c.
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