$JSECLS - Clicks: Technical Reasons To Be Bearish

Clicks has forever been a darling of the JSE.
After over a decade of steady gains, the share is starting to show some cracks.
From mid-2018 to just recently, price was trading more choppy and contained in a ascending channel.
Price has recently broken and closed below the lower support trendline of the channel indicating that the bears have wrestled control.
More significantly, price has always held above the 200W EMA but now has broken below it for the first time in over a decade.
The MACD, which earlier gave a bearish divergence signal, is trading at its lowest level in over a decade, further indicating share weakness.
It is still early days but I believe shorting the rallies is the way to go in the short-term.