Bell Equipment reached our first target R20.54 in November 2023.
It then had a mark-up phase before consolidating into a W Formation.
Once the price broke above, we knew demand and buying was still on the cards.
technically we have price above both 20MA and 200MA.
So the next target for Bell Equipment is set to R28.68.
ABOUT THE COMPANY
Bell Equipment...
We sent out a trade analysis on Bell Equipment. It formed a W Formation and I said the journey can be a long one as the main market remained sideways throughout the year.
Then in September after consolidation, we saw another breakout pattern showing more upside to come.
And since 11 October, the momentym has just been on the up. My first target remains at...
