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Trade Alert: Discovery looking over-extended

 

 

 

 

In the bigger picture, Discovery has really beel in a sideways trading range since March.

Yesterday saw the price make a run to test the 2017 high which is the top of the sideways pattern.
Looking the momentum indicators, the share price has not been this over-bought since the March highs. the last over-extension we saw in March was followed by quite a hefty correction.

I am expecting history to repeat itself

I’m trying to get my SMART trading service clients in here…

Remember that you can also automate these traded using our Copy Trade platform.

Here’s to trading profits,

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