Bidvest has been moving in a sideways consolidation pattern called a Diamond Pattern since November 2023. This is where there is a tug of war between the bulls and the bears. BUt the fact that the price is holding quite well despite the international market crashes, means the buyers are holding the stock strong. It will most like need a few more weeks/months...
Falling Wedge has formed on the daily. We need the price to break above before it's confirmed. Price>200 which is showing the uptrend despite 21>7ma - There could be a change of trend, if we see further upside. RSI<50 which isn't comforting, hence we need the break out. Target R270.00 ABOUT Bidvest, is a South African conglomerate company and was founded in...
Cup and Handle formed on BVT We had 7>21>200 - Bull RSI >60 Raised stop R266 hit Target R285.44 SMC You can see a FVG Bullish formed where the 1st and 3rd candle didn't overlap. Hence we have had a pull back in a flag formation, going to test the 50% level (Gann Box). Once we get a break to the upside, we might have another chance to go long again and ride it...
JSE:BVT (pending) breakout. We've already seen a decent move on JSE:BID last/earlier this week, maybe the Bidcorp magic might come to JSE:BVT .
JSE:BVT is at an area of value, the last time it reached a resistance area it managed to break above it. Hoping for a breakout.
It seems like JSE:BVT has pulled back to the breakout level. Wait for a follow through, or pull a trigger here?
JSE:BVT has been trading in a nice upward channel since November last year. It is currently trading just below the middle of the channel and seems to be on its way up. It is also showing some good signs of upward momentum based on the stochastic, MACD and the two EMAs that are crossing based on today's price action so far. If the momentum continues, I think we...
JSE:BVT is sticking with the upward trend and has, once again, made a bounce off the upward trend line. Along with this, the stochastic, MACD and EMAs are all showing signs of upward momentum. I think we could see a move up to the previous resistance level at around the 22000 area.
JSE:BVT is showing signs of an upward move after a successful short position. Link below. Based off of the momentum indicators, we could be seeing a move to the upside. I would keep an eye on the trendline that it broke through recently as it might cause some resistance if it reaches that level.
Although the stochastic, MACD and moving averages are all showing signals to go short on JSE:BVT , I am inclined to wait for confirmation of the break of the upward trend before entering a trade.
Inverted H&S on the hourly signals a long trade if it closes above R142. Full target is R154. Stop loss is a close below R138, then trend continues downwards.
Inverted H&S on the hourly signals a long trade if it closes above R142. Full target is R154. Stop loss is a close below R138, then trend continues downwards.
BVT has managed to close below R135 for the first since July 2016 and during this lockdown has managed to hold above however it closed below the level on Friday and has triggered the short idea. First target at R126 and second target R118.
After a very successful short position, JSE:BVT has broken through a descending resistance level/trend line and could possibly be changing direction, which is being confirmed by the stochastic as well. If it confirms after today's price action, I will consider entering a long position.
JSE:BVT has broken through a upward trend line as well as a fractal level which makes it look good for a short position.
BIDVEST GROUP update on the idea posted last week bouncing on the key level a drop is imminent on the break of the trend line
JSE:BVT is struggling at a strong resistance level and based on the stochastic's confirmation, we could be seeing a reversal. Wait for confirmation on today's price action before entering short.