Bell Equipment
W- formation has been confirmed and we have a price breakout to the upside:
The MAS are 7>21>200 (Bullish)
RSI <50 and a Target price of R18.00
Warning
The uptrend from the September 2020 holds strong and provide support to price. However, the breakout candle’s wick size shows a high selling pressure despite a strong breakout which might turnout to be as a false breakout.
Bell Equipment = the company
Bell Equipment is a prominent South African company specializing in the manufacturing and distribution of heavy equipment for the construction, mining, forestry, and agriculture industries.
Founded in 1954, Bell Equipment has a long history of providing reliable and innovative machinery to customers worldwide.
The company offers a diverse range of equipment, including dump trucks, wheel loaders, excavators, motor graders, and forestry equipment. These machines are designed to withstand challenging operating conditions and deliver optimal performance and productivity.
Beyond manufacturing, Bell Equipment provides comprehensive after-sales support, including spare parts, maintenance services, and training programs.
As a South African company, Bell Equipment has a strong presence in the African market. However, its reputation and reach extend globally, with machines operating in various regions across the world.
W- formation has been confirmed and we have a price breakout to the upside:
The MAS are 7>21>200 (Bullish)
RSI <50 and a Target price of R18.00
Warning
The uptrend from the September 2020 holds strong and provide support to price. However, the breakout candle’s wick size shows a high selling pressure despite a strong breakout which might turnout to be as a false breakout.
Bell Equipment = the company
Bell Equipment is a prominent South African company specializing in the manufacturing and distribution of heavy equipment for the construction, mining, forestry, and agriculture industries.
Founded in 1954, Bell Equipment has a long history of providing reliable and innovative machinery to customers worldwide.
The company offers a diverse range of equipment, including dump trucks, wheel loaders, excavators, motor graders, and forestry equipment. These machines are designed to withstand challenging operating conditions and deliver optimal performance and productivity.
Beyond manufacturing, Bell Equipment provides comprehensive after-sales support, including spare parts, maintenance services, and training programs.
As a South African company, Bell Equipment has a strong presence in the African market. However, its reputation and reach extend globally, with machines operating in various regions across the world.