Peet_Serfontein

BVT: further downside potential?

Short
JSE:BVT   BIDVEST LTD
Starting to break key support.
Bearish trend is applicable below 19500.
Downside price momentum supports the bearish trend direction.
The price action might test its 200-day simple moving average - might act as major support.
MACD bearish crossover is also applicable - see the lower panel.



Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.