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Peet_Serfontein

ACL: more downside?

Short
ARCELORMITTAL SA LIMITED (JSE:ACL)  
Peet_Serfontein  
JSE:ACL   ARCELORMITTAL SA LIMITED
Trend Analysis Technical Indicators
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trendanalysis indicator
A price action below 530 supports a bearish trend direction.
RSI leaves enough room for further downside potential.
The MACD crossover also supports a bearish trend direction.
Potential target 430.
Stop-loss a break above 530.
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