SteynTrade

JSE:ARL Down Trend Continues

Short
SteynTrade Updated   
JSE:ARL   ASTRAL FOODS LTD
Astral Foods has been in a downtrend since July 2018. It has reached the supply line with some volume and seems to be continuing the downtrend.
Comment:
Astral has broken the downward stride and started to range. Now we need to see if this is accumulation or distribution.
Comment:
Looks as if the TR was an accumulation range. Looking for a move to the yearly pivot point.

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