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BIDVEST GROUP LTD. RC-,05BB

BIDVEST GROUP LTD. RC-,05

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NQL1 trade ideas

Go long Bidvest LtdBidvest 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 the the bottom end of the range and then waiting it out. Action: Place a Limit Order to go Long with your Limit Price set to R193.00. Set your Stop Loss to R180.00 and your Take Profits to R205.00 and/or R215.00.
JLong
by UnknownUnicorn3689126
Possible buy on Bidvest LtdFor 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 indicating the stock is oversold. For this reason, I would be looking to buy now with the idea of selling as the stock makes it's way back to the upper resistance level. Action: Place a Limit Order to go LONG with your Limit Price set to R195.00. Set your Stop Loss to R184.00 and your Take Profits to R205.00 and/or R212.00.
JLong
by UnknownUnicorn3689126
BVT SHORT TERM BEARISHRight guys it slipped my mind to pay my Pro account so I've been fighting pop-ups like a madman to bring you this analysis. Lets get going. WEEKLY #A -In #A we can see a rally on (slightly) declining volume after a bounce of the 18055 mark. Looking down at the DMI indicator it looks like its more a case of the bears losing power than the bulls convincingly overpowering them. #B -In section #B, We have a sudden drop in volume, a subsequent rally in volume, but price not reflecting the same action, and seems to be milling. The DMI indicator shows no clear winner, even with volume increasing massively. #C -A rally, on the back of heavy declining volume -The DMI Iis showing a spike in +DI, but is seems so be more because of a lack of bears (-DI) than convincing bulls. LOOKING CLOSER TO THE DAILY TIMEFRAME: #D -In #D we have the collapse in volume, followed by the extreme rally in volume we observed in the Weekly chart. - (1 ) I think is of quite some importance: Here we have a spike in volume, with a green candle with a long upper wick - this means that price went up substantially, with the bears beating it back down by almost 50% of the candle. Following that we have a uncertainty doji, and then a big red bar with very little volume, showing that the bears where able to push the price down from up high with minimal effort. #E - Following this event, bears beat the price down to support, where is rallied with a somewhat convincing volume pattern, but looking down at the DMI it can be seen that it was another case of the bears giving it to the bulls rather than the bulls taking it. #F - IN #F, we have event (2) , a candle that shows how the price went high, and was once again beat down substantially by the bears at a major supply zone - leading to a retest of demand on increasing volume (another sign of weakness) #G - THE KICKER: a Major rally, on major declining volume, with the bulls showing major instability on the DMI at (3) . THANKS FOR THE READ EVERYONE - PLEASE COMMENT THOUGHTS, IDEAS, COMPLAINTS, PROBLEMS, OBJECTIONS OR SOLUTIONS. Time to go pay that damn bill Oanda is driving me up the wall.
JShort
by R_ELEMA
2
Sideways channel on BidvestJSE: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 because round numbers tend to act like magnets for the price action. If it fails to bounce off and breaks through the resistance, I will consider entering a long position.
JShort
by RossLarter
$JSEBVT Bidvest stuck in a BOX. To resist again?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 R210, look for a retest of the lower end of the box and a closure of the gap at R193.50.
JShort
by MarcoOlevano
1
Bidvest Correction Is Not Complete YetFounded 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 continents and an employee complement of just over 141 000 people worldwide. Technicals I don't believe that the full correction has completed as yet and expect to see a 61.8% Fib retracement from the low before there will be another wave to the downside. This correction will likely end after 3 waves but the possibility of 5 does exist. Once the correction is complete, there are very large targets to the upside.
JShort
by Linton_White
Pairs idea +IPL / -BVTsome recent chatter in the Unum Trading room: "Can you please have a look at +IPL/-BVT? The gap appears wide relative to historical performance. " @Lester_Davids "Yes, I picked this up two weeks ago, and not going that great so far. Also waiting for this gap to close." @michaelporter "Thanks Michael. IPL seems to be forming a double bottom developing, so we may be nearing the end of the decoupling. " @lester_davids "A small move starting. IPL + 3.4% / BVT -1.25%" @lester_davids Having a look at the relative chart, it looks like the pair +IPL/-BVT is starting to converge.
J
by MarkWeetman