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Online Share Trading

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Great company, great management, but......

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kwagga
Super Contributor
Technically this share has formed a great looking head and shoulders with some serious downward potential. If this formation plays out according to the book, we could see R60. Be warned. Omo http://chartupload.com/viewer.php?file=36659626604347921173.jpg
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8 REPLIES 8
sponono
Super Contributor
been short since R83, just wondering what the catalyst would be?
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phd
Contributor
Charts aside; if the fundamentals are good, then why is Disco taking such a beating?
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kwagga
Super Contributor
It's priced for perfection. One crack, and the flood gates might open.
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Rams
Super Contributor
there are so many permutations/varaibles for the price we see...i stopped asking why because it means nothing after the fact..anyway, strong support at around 75 and sitting on 200EMA today
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kwagga
Super Contributor
Very close to a neckline break.
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kwagga
Super Contributor
Neckline broken - 68 in the pipeline, then 63, then 58. Technically not looking good.
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sponono
Super Contributor
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DrBr
Occasional Contributor
Anybody thinking the downward spiral might be at an end? Or is this just some last breaths before the next bit of beating?
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