We are in the markdown phase after redistribution as evaluated previously (see link below). Looking on the daily TF we now see that price has reached the overbought line and volume indicates a rejection of the trendline. Negative divergence on the volume RSI confirms the continuation of the downtrend.
Grindrod has been in a TR since 2016 but after an upthrust and major sign of weakness there has been a backup to the TR in phase D and the markdown is now gathering momentum.
