runyamhere

BID Corp ($JSEBID) Turning Bearish

Short
runyamhere Updated   
JSE:BID   BID CORPORATION LTD
BID Corporation has ended the week with a swing high confirmation, this was week 23 of an uptrend, history favours BID to put a weekly top at this point in time. So we can expect price to trend down and break the blue trendline. RSI (14) shows it is now breaking down. Area of interest is the R340-344 level barring a market panic causing extreme moves to the downside.
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