Investors didn't show much interest in one Clicks Groups/adr way or another today. It hasn't moved too much today but is slightly down, it lost -0.73% since yesterday. It looks like CLCGY may be interacting with a downward sloping resistance line. This may be an opportunity to short sell. We can also take into account momentum, Clicks Groups/adr has been a pretty poor performer over the last year and hasn't done much better over the last three months either. Over the past year, investors in the asset have lost -37.20 percent of their money, well any that are still holding have. More will probably sell into any strength to mitigate risk.
If the price breaks through the resistance level it will probably move up to the $29.55 level where it may meet further resistance. We aren't seeing very clear support levels down beneath this point, so it might have room to gap down lower if price is rejected from here.
