Bidvest setting itself for great upside to R270.00

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 1988 and is headquartered in Johannesburg, South Africa.

The company operates in a wide range of sectors, including services, trading, distribution, and logistics.

The company employs over 130,000 people globally.

It includes Bidvest Services, Bidvest Freight, Bidvest Foodservice, and Bidvest Automotive.

Bidvest Services offers a variety of facilities management, outsourcing, and professional services.

Bidvest Freight provides logistics and transportation solutions, including freight forwarding and supply chain management.

Bidvest Foodservice is a leading foodservice distributor, supplying a wide range of products to the catering, hospitality, and retail sectors.

Bidvest Automotive is involved in the import, distribution, and retail of motor vehicles, parts, and accessories.

The company has expanded internationally and has operations in countries such as the United Kingdom, Australia, New Zealand, and many African nations.

Trade closed: target reached:

Bidvest reached the target at R270 and you'll see it's been moving in a Sideways formation since.
It looks like it wants to move up, but the JSE ALSI index keeps dragging it down. I am going to wait for a break before the next analysis.