Get started
RossLarter

BID - potential loss of upward momentum

Short
BID CORPORATION LTD (JSE:BID)  
RossLarter  
JSE:BID   BID CORPORATION LTD
Trend Analysis Support and Resistance jse ALSI ZAR southafrica bidcorporation
2
0
trendanalysis supportandresistance jse alsi zar southafrica bidcorporation
BID is bouncing off a strong resistance level and is struggling to break higher. If it trades lower than 27000, I will consider a short position as the stochastic and the MACD are showing signs of a momentum change. If it trades lower, the two EMA's will also have crossed downwards signaling a momentum change.
Trade directly from TradingView through Velocity Trade. Get started here: suretrading.tradedesk.co/TradingView

For more info about our training and mentorship visit www.suretrading.co.za
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.