$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.


Technical IndicatorsTrend AnalysisWave Analysis

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