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runyamhere
Jan 21, 2023 4:27 PM

Invest: Attracting Sellers with Negative Divergence Short

INVESTEC PLCJSE

Description

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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