$JSEDCP - Dischem: Ending Diagonal & Loss of Momentum Caution
See link below for previous analysis.
Dischem is still trading in the fifth and final wave of the advance from May 2023.
Wave [v] is unfolding as an ending diagonal pattern and has surpassed the previous target of 3300 cps.
There is also a clear loss of momentum in the stock as new highs have not been confirmed by the MACD thereby giving a bearish divergence signal.
The stock can still go much higher though locking in profits is wise at this stage of the trend.
Dischem is still trading in the fifth and final wave of the advance from May 2023.
Wave [v] is unfolding as an ending diagonal pattern and has surpassed the previous target of 3300 cps.
There is also a clear loss of momentum in the stock as new highs have not been confirmed by the MACD thereby giving a bearish divergence signal.
The stock can still go much higher though locking in profits is wise at this stage of the trend.
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.