SUMMARY | Position: LONG | Upside target: R39.00 | Reward / risk ratio: – | Recommended stop-loss: R33.00 | RECOMMENDATION: BUY
Dis-Chem is one of the leading pharmaceutical and consumer wellness groups in South Africa. The group’s main aim is to serve the primary pharmaceutical needs of individuals, and as the market leader in dispensary, we are positive on the growth prospects of this space.
Other products on offer include personal and beauty products, health, nutrition and baby care products, as well as confectionery, dry grocery, household and other ancillary goods.
Technically, a share price that reflects higher highs and higher lows makes for …