BVT Possible Support BreakBVT Short
if the LTR and Support levels are broken then wee are looking at significate downside
wait for break on weekly chart
BVT trade ideas
BVT*Extract from client research note 01-June-2020 .
As mentioned on Tuesday, I was expecting BVT to appreciate, but before that, pause to consolidate, however, did not pause and has continued to run. Sometimes it does, or doesn’t go or up or down in a straight line – we never actually know how the price action is going to play out (Prior expected scenario on chart). As at Friday’s close, we saw the price print a bearish engulfing candle which may suggest that a short term pause is now due. From a support level I am looking at 14549c (8 21 EMA cross) as a first ‘level of interest’, followed by 14335c with the short term view. Price is also above rising 8 and 21 EMA. Current 50-EMA is resistance.
Can we rise?There is a possibility that we get a rise from BVT because of the iH&S that has jst formed
Weekly game plan 24 May 2020 - BVTNo confirmations yet, but looking like an interesting potential short.
BVT ShortBVT In Wedge pattern
about to close below bottom of wedge
a break would confirm the short
as the share has already broken the LTS
BVT shortBVT is this a recovery about to fall short
possible false breakout ABSA indicating market sentiment
Covid-19 confirmed in SA
BTV: temporary correction back to its 200-day possible?Increasing bullish bias. High risk setup remains.
Bidvest - Monthly ChartBidvest: Following the long term breakdown in June 2019, BVT has rejected the long term trend line and subsequently losing 9.5% so far this month. As per the monthly chart, the Relative Strength Index signals the share having shifted into an 18 month into a bearish regime following a 9 year bullish regime.
BIDVESTLooking for holding this sell lower to that gap at the bottom, also based on the Head and Shoulders pattern.
BDVEST - Long Idea- Support level reached
- Looking for a retracement here
- MANAGE YOUR RISK -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
Bidvest turnBullish 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).
BVT short trade possible reversalBVT nice short trade so far
consider a possible reversal due to strong indicators yesterday
could be a false break but due to the previous bounce
the trade could change to a long
apply tight stop loss or take profit
Bulls are lurking
BIDVEST - Trend ChangeAfter 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.
BIDVEST - LONG JSE:BVT
- Price is trending nicely above the 200ma
- IHS can been used for initial target
- TP / SL & R:R on the chart
- MANAGE YOUR RISK -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
BVT - Trend and Fractal breakJSE:BVT has broken through a upward trend line as well as a fractal level which makes it look good for a short position.
Bidvest - Actionable AreasEquities | BVT Bidvest | Overhead resistance at 22400c was a big supply zone showing us that 'price has memory'. Nasty red candle with price testing a 3-week low of 21109c. Managed to close above the support zone with a last price of 21354c. I'm expecting the support level to give way (i'd be slightly surprised if it didn't). Where's the next support zone? I'm looking at the swing lows of 20539c (in line with the 50-day as a level where short term traders could get active and accumulate.
BIDVESTBIDVEST GROUP update on the idea posted last week bouncing on the key level a drop is imminent on the break of the trend line
24 Oct 2019 - JSE:BVT - Long - Cup and Handle - MPT I feel a little bit hesitant with this breakout but the boss (systems) says go.
Reason is... We've broken above the breakout brim level and have confirmed that what was a resistance is now a support level...
However, the previous trend was sideways which makes this trade a MPT (Medium Probability Trade).
I've gone long but instead of risking 2% of portfolio, I'm risking 1.5%.
Trade welll,
Timon Rossolimos
Founder, MATI Trader
