ASTRAL FOODS LTDShort
ARL: Downtrend continuation?
We can see the share price has been hovering around the 200-day moving average, using it as a dynamic support/resistance level. MACD is added as confluence to confirm the momentum to the downside.
Speculative Sell/Short
Stop loss: R 168.11
Target: R153.07
R/R: 1:1.5
This is merely an idea and not advice.
Speculative Sell/Short
Stop loss: R 168.11
Target: R153.07
R/R: 1:1.5
This is merely an idea and not advice.
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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.
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.