ASTRAL FOODS LTD
Viés de alta

Bullish Divergence on Astral foods

93
ARL

The share has been trending down and the 200 week EMA seems to have held well as resistance. With a couple of fake breakout above the 200 week EMA. We have a bullish divergence with the price making lower lows but the MACD making higher lows. I will now wait for the break through the resistance level of R166 and close above R170 (3%) Potentially closing above the 200EMA as well. To target the previous resistance at around R220.

Full plan - villagetrader.co.za/2020/09/28/week-28-september-2-october-analysis/

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