Bell, a key player in the manufacture and distribution of heavy equipment for industries like mining, construction, agriculture, and waste management, has faced challenges stemming from the construction slowdown since 2008 and the collapse of the mining industry. Despite these setbacks, Bell's articulated dump trucks enjoy a global export market from its...
Bell (BEL) is a prominent manufacturer and distributor of heavy equipment, specializing in earth-moving machinery for industries such as mining, construction, agriculture, and waste management. The company, which produces articulated dump trucks exported globally from South Africa and Germany, has faced challenges due to the slowdown in construction since 2008 and...
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...
Bell (BEL) is a manufacturer and distributor of heavy equipment, earth-moving equipment to the mining construction, agriculture, and waste management industries. As such, it has been directly impacted by the slow-down in construction since 2008 and collapse of the mining industry. Bell's articulated dump trucks are exported world-wide from South Africa and...
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...
Bell (BEL) is a manufacturer and distributor of heavy equipment, earth-moving equipment to the mining construction, agriculture, and waste management industries. As such, it has been directly impacted by the slow-down in construction since 2008 and collapse of the mining industry. Bell's articulated dump trucks are exported world-wide from South Africa and...
Bell (BEL) is a manufacturer and distributor of heavy equipment, earth-moving equipment to the mining construction, agriculture, and waste management industries. As such, it has been directly impacted by the slow-down in construction since 2008 and collapse of the mining industry. Bell's articulated dump trucks are exported world-wide from South Africa and...
W Formation formed on the daily. We have had a recent breakout and it's been a weird one. Due to the illiquid nature of the share, the wicks are quite large. So I've incorporated both wicks and bodies to the W Formation in this case. Other signals point upside: 7>21>200 RSI>50 Target 1 will be to R20.54 ABOUT THE COMPANY Bell Equipment is a South African...
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...
We might see the Bell Organisation hitting that last 1750 then from there start decline until they reach 900.
Bell is showing a neutral analysis at the moment. There is a potential Symmetrical Triangle in the making... Once the price choose to break up or down, it will have more of an idea of where it's likely to head. What do you think? Up or down?
Bell Equipment trading near dynamic support of the ascending channel. If the support get violated, we can expect 600. If the support hold, we can expect 2000. Just my mind.
More buyers to come in as we move from the demand zone