Discovery Holdings
Strong rebound off the 5500c lows last week.
Price needs to maintain 7250c as support for short term buyers to remain interested.
As per the monthly chart, the lower highs, followed by the ‘waterfall’ formation sees a share that appears technically damaged over the medium term.
RSI prints 27, which is in the bear zone.
- Please note, the share has been a long time sell from 16100c.
Strong rebound off the 5500c lows last week.
Price needs to maintain 7250c as support for short term buyers to remain interested.
As per the monthly chart, the lower highs, followed by the ‘waterfall’ formation sees a share that appears technically damaged over the medium term.
RSI prints 27, which is in the bear zone.
- Please note, the share has been a long time sell from 16100c.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.