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runyamhere

Invest: Attracting Sellers with Negative Divergence

Short
INVESTEC PLC (JSE:INP)  
runyamhere Updated   
JSE:INP   INVESTEC PLC
Trend Analysis Chart Patterns
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trendanalysis chartpattern
Investec (INP) has shown increasing volume around R110-112 price level, if supply keeps elevated then price will begin to trend downwards. The RSI(14) is showing some negative divergence building up. A trend change lasting around 15-16 weeks will be fully confirmed if price at any moment goes below the blue line price R98.32. Risk averse investors can have this as a pre-condition for going short.
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