Barrat developments - BDEV daily
uk.advfn.com/p.php?pid=chartscreenshotsh...o3yATbVmE0vcDa+sk2Q=
Interesting chart here.
We had a massive move lower after the brexit vote, foolowed by a nice rebound.
Issue here being the rebound was only as far as the 200 day ema line, and a gap fill.
The top of the gap is effectively a pivot point, and it seems to be failing here.
The weekly chart below.
uk.advfn.com/p.php?pid=chartscreenshotsh...ZsFvp920cmY83BU2k%3D
This shows we could be well be in a bear flag, and this is only consolidating for the next move down.
I think its worth a short on a drop below 464p with a stop above 515p, as a move and close the 200 day ema, would cancel or at least delay the bear view here.
atb, wdik, dyor.
trendfriend
