Bidvest price action has carved a descending triangle as price seeks a low price on a monthly time frame. Price is expected to be forced downwards with initial target of R160 area where short position can be closed or sized down. The RSI is also building negative divergence showing price is due for a drop.
Stop-loss: Price closing above the resistance line on a monthly basis indicates trend change to the upside.
Stop-loss: Price closing above the resistance line on a monthly basis indicates trend change to the upside.
Trade closed: stop reached