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RossLarter

BID - potential loss of upward momentum

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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
BID is bouncing off a strong resistance level and is struggling to break higher. If it trades lower than 27000, I will consider a short position as the stochastic and the MACD are showing signs of a momentum change. If it trades lower, the two EMA's will also have crossed downwards signaling a momentum change.
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