BIDCORP: Shhort

First of all...How does this price even make sense? But besides that, we now have a bearish reversal candle (long upper tail, failed high) at over-bought levels as well as a potential double top scenario. We may be betting against the trend here (which we are) but surely sanity must prevail. I am of the opinion that we are beginning to see the start of some profit taking and I wouldn't be surprised if we saw a retracement to at least 330.00 where it was just the other day (27th December). We have shorted today's close and looking to make about R19.00 on the trade.