Barloworld short if trendline broken för JSE:BAW av RossLarter

trendanalysis jse alsi zar southafrica barloworld

BAW is showing downward momentum based on the stochastic, MACD and EMA's that have just crossed. However, it has been trending upwards since the 26th of March and I will wait for a convincing breakout through the upward trendline before considering a short. If this breaks, we could be looking at a move down towards at least the lows formed at the beginning of the upward trend.

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