A nice looking horizontal bullish flag on distell. The stock could possibly be halted by the alcohol ban. However, I think the ban on alcohol will be lifted soon and the company will be back to cash generation. We could see the share being spring boarded by the lifting on the ban. Even if its a restricted sale of alcohol. My minimum target for this is 12161c. I’m already in the trade however, I will not be adding to it just yet. Only after my trend indicators have turned bullish.
Checkout the weekly game plan here: villagetrader.co.za/...-18-22-january-2021/
Checkout the weekly game plan here: villagetrader.co.za/...-18-22-january-2021/
