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RossLarter

BID possible short

Short
BID CORPORATION LTD (JSE:BID)  
RossLarter  
JSE:BID   BID CORPORATION LTD
Trend Analysis Support and Resistance jse ALSI ZAR southafrica bidcorporation
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trendanalysis supportandresistance jse alsi zar southafrica bidcorporation
With today's price action so far, BID seems to be showing some good downward momentum. Based off of the EMA's crossing today as well as the stochastic and MACD moving downwards it looks like a downward move is on the cards. I predict that it could move down to the 28000 support level which would coincide with the support level around the 200SMA.
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