Short ELD

Due to oversees market the ASX 200 should be opening on a positive note and that could lead to consumer defensive sector on the downside. This is why i'm looking into shorting ELD, on the daily it had 3 down days and took a breath for a couple of days. This could lead to a further down to $5.26 a key level, on the TA side its a down trend follow by its EMA right behind it. On the weekly the MACD histogram just went to the bear side, confirming its a bear trend with its EMA evidence as well.