SteynTrade

JSE:GND Grindrod Markdown Continuing

Short
JSE:GND   GRINDROD LTD
We are in the markdown phase after redistribution as evaluated previously (see link below). Looking on the daily TF we now see that price has reached the overbought line and volume indicates a rejection of the trendline. Negative divergence on the volume RSI confirms the continuation of the downtrend.

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