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SteynTrade
Jan 27, 2019 11:15 AM

JSE:ARL Down Trend Continues Short

ASTRAL FOODS LTDJSE

Description

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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