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RossLarter

BID Corporation at Resistance

Short
BID CORPORATION LTD (JSE:BID)  
RossLarter Updated   
JSE:BID   BID CORPORATION LTD
Chart Patterns Trend Analysis BID ZAR ALSI bidcorporation southafrica jse RAND
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chartpattern trendanalysis bid zar alsi bidcorporation southafrica jse rand
BID has been trading in a channel for a while and is at the strong resistance at the top of the channel. I am anticipating a downward move back to the bottom of the channel as it seems to have struggled at the resistance level before.

If the downward move doesn't happen and it breaks through the top of the channel, I will consider a long position.
Order cancelled
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