Get started
Maboko

ARL: Downtrend continuation?

Short
ASTRAL FOODS LTD (JSE:ARL)  
Maboko  
JSE:ARL   ASTRAL FOODS LTD
Trend Analysis Chart Patterns Technical Indicators
2
0
trendanalysis chartpattern indicator
We can see the share price has been hovering around the 200-day moving average, using it as a dynamic support/resistance level. MACD is added as confluence to confirm the momentum to the downside.

Speculative Sell/Short
Stop loss: R 168.11
Target: R153.07
R/R: 1:1.5

This is merely an idea and not advice.
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.