Flash note Dis-chem Pharmacies Ltd (DCP)
Trade with caution on DCP, warns our Unum Trading Desk analyst Lester Davids!
"The upward price momentum is strong however we trade just above the 200dma as well as at the prior support that was in place from November 2017 to May 2018. We also have an open "gap" at 3525c from the "gap" down on 4-May.
The share now commands a 42 P/E.
I advise caution on any new longs, possible the stock is a pending Short?"
If you want to discuss these trading ideas, contact our Unum Trading Desk on +27 (0)11 3842920 or tradingdesk@unum.co.za
"The upward price momentum is strong however we trade just above the 200dma as well as at the prior support that was in place from November 2017 to May 2018. We also have an open "gap" at 3525c from the "gap" down on 4-May.
The share now commands a 42 P/E.
I advise caution on any new longs, possible the stock is a pending Short?"
If you want to discuss these trading ideas, contact our Unum Trading Desk on +27 (0)11 3842920 or tradingdesk@unum.co.za
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