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RossLarter
20 mai 2021 11:23

Barloworld short if trendline broken Short

BARLOWORLD LTDJSE

Description

JSE:BAW is showing downward momentum based on the stochastic, MACD and EMA's that have just crossed. However, it has been trending upwards since the 26th of March and I will wait for a convincing breakout through the upward trendline before considering a short. If this breaks, we could be looking at a move down towards at least the lows formed at the beginning of the upward trend.
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