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 e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.