BID CORPORATION LTDShort
BIDCORP: Shhort
First of all...How does this price even make sense? But besides that, we now have a bearish reversal candle (long upper tail, failed high) at over-bought levels as well as a potential double top scenario. We may be betting against the trend here (which we are) but surely sanity must prevail. I am of the opinion that we are beginning to see the start of some profit taking and I wouldn't be surprised if we saw a retracement to at least 330.00 where it was just the other day (27th December). We have shorted today's close and looking to make about R19.00 on the trade.
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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.