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RossLarter

BID - Strong resistance level

Short
BID CORPORATION LTD (JSE:BID)  
RossLarter  
JSE:BID   BID CORPORATION LTD
Support and Resistance jse ASLI ZAR southafrica bidcorporation
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supportandresistance jse asli zar southafrica bidcorporation
BID is trading at a very strong resistance that has been held and tested multiple times since 2016. My logic tells me it won't be able to break through and will bounce down again. If it does this and comes down, I will consider a short at the 27700 level. Alternatively, If it breaks through and continues up, we will likely see a nice strong breakout to the upside.
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