Peet_Serfontein

BID: downside potential?

Short
JSE:BID   BID CORPORATION LTD
Crossed below its 200-day simple moving average.
Below 32100 supports a bearish trend direction. Crossing above this level will negate the bearish stance.
Fading upside price momentum also supports a bearish trend direction.
RSI leaves enough room for further downside price potential.
Trend strength also indicates a weak likelihood that a trend might be developing.



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