JSE:EQU Equites Property Fund Markdown to Continue?Equites Property Fund has been weak. After breaking the trading range and backing up to the breakdown it is now likely to be time for the markdown.
Equ
Bank of America (BAC) Sell tradeBased on understanding that current pull back is not just a correction but start of a bear move. This will be confirmed by a broader sell-off in the parent and similar indexes. Bear move initialised by rebound off the 50% fib and targets the 124% fib before the $11 round number further out.
summary: 1st target $13.51 - 2nd target $11
My first idea here on Trading-view so questions and comments are welcomed.
