Mediclinic - Bounce off top of Channel

2020年10月14日

JSE:MEI has been trading in a sideways consolidation channel since mid-March (COVID-19 lockdown) and has reached the top of the channel. A bearish engulfing candle pattern formed yesterday which is a bearish reversal signal. If it breaks through the current small support that it is trading at, I will consider going short all the way towards the bottom of the channel.