JSE:BVT Bidvest Distribution
Updated
Bidvest has broken the ascending stride and retested it. There is negative divergence indicating a continuation of the new downward trend. The smaller trading range (TR) on the daily also indicates that this is distribution and we can expect a test to the recent lows and possibly the demand line of the descending stride.
Comment
There is a revisal bar at the Yearly Pivot Point, the bottom of the previous upward stride and now the overbought line of the new downward stride. Expecting the decline to continue.Comment
After testing the bottom of the trend channel for some time the distribution continues. 
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