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...
Bidvest touched the second target the trend is still bullish for a move higher...
Bullish engulfing candle after turning up from a low and crossing momentum indicators could see BVT end its down streak and start moving upwards again. Buy at R195 with a stop below R188 and profit targets around R209 (for a 2:1 reward to risk trade, first half) and R216 (3:1, second half, if it continues, ratchet your stop loss level upwards).
Bidvest has been drifting lower and testing support at 7500 with what looks like a downsloping distribution. Supply has stepped in with some volume. Negative divergence looks like the support will be tested again.
Bidvest has been trading in a range between R212.00 and R192.00 since November of last year. Since the stock is now getting close to trading at the lower end of that range, it could be a good idea to go long on the company. I would, however, prefer to get in at a lower price than where it is currently trading. I would thus advise to put in a limit order closer...
For the best part of the last six months, Bidvest Ltd has been trading in sideways range of between R212 and R192. It recently broke above R212, going all the way up to R224.58 but didn't manage to hold the level. The stock is now trading back at support around R192. It is interesting to note, while the stock is sitting on support, the Slow Stochastic is also...
JSE:BVT Testing trend line that started in October 2018. Important level is 19000 if that is broken target is around 17500
Bidvest has broken the ascending stride and retested it. There is negative divergence indicating a continuation of the new downward trend. The smaller trading range (TR) on the daily also indicates that this is distribution and we can expect a test to the recent lows and possibly the demand line of the descending stride.
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...