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RossLarter

Triangle Breakout on BID Corporation

Short
BID CORPORATION LTD (JSE:BID)  
RossLarter  
JSE:BID   BID CORPORATION LTD
Chart Patterns Triangle jse ALSI ZAR southafrica bidcorporation
3
0
chartpattern triangle jse alsi zar southafrica bidcorporation
BID has broken through the bottom of a triangle pattern with today's price action so far. If it continues downwards and confirms through the previous lows of around 24500 I will consider a short position. Once broken through, it might find some support around the 21500 level, but could also move all the way down to the 18000 level.
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