JSE:BVT is currently forming a harami at a resistance and is looking like it will possibly be reversing. If tomorrow confirms, we will enter short.
Short term trade, but the hourly break above the channel resistance @ R179.50 should see a target close to R189.00. Entry between R179.50 - R181.50. Stop loss close below 176.00, let's see how this one goes.
JSE:BVT has failed to break a previous low level from October 2018 and if today's candle confirms upwards, I will consider going long on Monday.
JSE:BVT has opened on the other side of a descending resistance level which could signify an upward move if confirmed above today's high. There is a strong resistance level at 19000 so be mindful of that.
After trading in a range for quite some time, JSE:BVT has broken through the strong support at 19000. A confirmation below the fractal level of 3rd of July could signal a nice downward move.
JSE:BVT seems to be heading for a break through the high from the 16th of July. If it breaks through this high we could be looking at a move up towards the resistance level at 21000.
JSE:BVT has broken through an ascending support level and is looking good for a short position once it breaks through the fractal level of 5th of June.
JSE:BVT has broken through the descending resistance and has confirmed the breakout. We can expect a move towards the resistance level around the 21000 level. For the cautious trader, you can wait for it to break through the fractal or for the more aggressive trader, you could enter immediately.
Price is currently stuck in a small range with support at 18 300 and resistance at 21 920. This will be a risky trade (not that there is no trade without risk) because we will be going against the trend. However, the risk reward of 4.33 gives me the confidence to still take on this position. My entry will be at 21 550. Break a chart!
JSE:BVT is trading in a sideways channel and has been since mid-November last year. It has reached the top of the channel and will most likely bounce on the resistance and continue downwards. I will enter a short around the 21600 level if it goes down. Our target level will be the bottom of the channel around the 19000 level, which is also a significant level...
Bidvest has been trading in this box since November last year with two failed breakouts on both the upper and lower end. Other than those two fake breaks, action has been contained pretty much between R192 - R210. Without any positive news flow in the next couple of days/weeks there is a good chance this R210 level could resist again. If we see a reversal off...
JSE:BVT has formed a "open/close above stomach" pattern which is a strong reversal signal. It works as follows: After preceding downtrend, the second candle opens and closes above 50% of the long red body. Along with today's upward movement, we can expect it to reach our target at the next resistance level
The price on this chart seems to be making a series of lower highs and higher lows, signalling a symmetrical (isometric) triangle. Though this pattern is sometimes regarded as neutral, i believe prices might continue to go higher if and only if there is a breakout to the upside. There was a strong impulse to the upside and if the buyers remain persistent, we might...
Founded by entrepreneur Brian Joffe in South Africa in 1988, Bidvest Group Limited is a well known international trading, services and distribution company which first listed shares for sale on the Johannesburg Stock Exchange (JSE) in 1990. The group either owns or has significant holdings in about 300 companies, with a portfolio of assets that spans five...
Lester Davids, Trading Desk analyst at Unum Capital is cautious of BID at current levels (R303.64) - Price currently testing overhead trend line resistance - While we are yet to see the closing price, we currently print a bearish engulfing candle - potentially similar to the prior tests of resistance.