Delegat Group Limited

13 December 2017


Technical Summary: For the last 5 years the stock of DGL has always moved in the right direction for investors. The same is true for the stock in recent times at is has an ability to work its way to new highs. This has been without too much volatility but also without much liquidity. The lack of liquidity is probably our only criticism of the DGL chart as buying and selling is often patchy. A successful technique for buying the stock this year would be to wait for the stock to go below its 50 5.7 day moving average and then buy when it emerges above. There could be an argument that the stock is overextended at the current juncture and investors may like to wait for a consolidation or pull back in price to the 50 day moving average.

Stock continues to move in the right direction for investors

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