JSE:BVT has been trading in a nice upward channel since November last year. It is currently trading just below the middle of the channel and seems to be on its way up. It is also showing some good signs of upward momentum based on the stochastic, MACD and the two EMAs that are crossing based on today's price action so far. If the momentum continues, I think we...
In recent months, 2 out of 3 for this name. Short Idea Update: We saw the price drop 400c following the publication however has since continued higher. Now trading close to the stop-loss and still looking strong. If you took it, you could close here as the stop is most likely going to be tested.
Over the last few months, Bidvest has been a profitable counter, benefiting clients on both the long and short side (see related). Today, we consider another sell, with the key drivers as follows: - Following a rapid move off the lows of week, the price trades in the 50/61.8% Fibonacci retracement zone - Trades at prior swing high and prior breakdown level, which...
JSE:BVT is sticking with the upward trend and has, once again, made a bounce off the upward trend line. Along with this, the stochastic, MACD and EMAs are all showing signs of upward momentum. I think we could see a move up to the previous resistance level at around the 22000 area.
BVT trading in our target range 18900c/18700c, from the suggested short entry above 19758c. Currently printing 18895c. Would look to close the trade here.
Over a period of one month, BVT has performed well for clients who participated, appreciating from 17338c to today's high of 20133 (+16%) - see related. The current data suggests the share becoming extended to the upside, with the following being noted: - Price at channel resistance. - Daily candle thus far failing to holding the highs, developing a reversal...
Bidvest: Strong move today. Target Exceeded (high of 19430) . Close your position. Originally idea attached below.
- Moving Faster Than Expected My 'potential price path' (around 12 May) called for a gradual move along the channel before an eventual moving up. Today we closed up 3.27% on elevated volume.
This idea/pending trade is part of a larger research report and should only be considered within a well-diversified portfolio. - A Break of Line A_B Triggers A Buy/Long - Pre-Market Price: 17338c (10-May-2021) - Share Code: BVT - The share continues to trade within it’s 6-month gradual upward channel where we have seen a pullback to the last close of 17338c...
BVT pulling back that looks like a possible bull flag.Target if triggered R185.
$BVT closed below the weekly EMA200 and subsequently priced moved back to breach the EMA200 and close above it. There is a clear level @17290 which has acted as prior support and resistance. Price will have to close above 18370 for a sustained move higher or risks being range bound.
JSE:BVT is showing signs of an upward move after a successful short position. Link below. Based off of the momentum indicators, we could be seeing a move to the upside. I would keep an eye on the trendline that it broke through recently as it might cause some resistance if it reaches that level.
Although the stochastic, MACD and moving averages are all showing signals to go short on JSE:BVT , I am inclined to wait for confirmation of the break of the upward trend before entering a trade.
Bidvest seems to be testing the breakout zone in the 170-172 area and might be forming a cup and handle formation. I am nibbling long here and should the price be able to push above 176 my first upside target will be 182. If 182 can be overcome the full target would be 195. Will use a tight stop of daily close below 167.
Bidvest touched the second target the trend is still bullish for a move higher...
Bidvest seems to be stuck in a channel between 13000 and 17100. It looks like a bull flag is developing within that channel. Watch for a break of the flag pattern and then a break of the 17100 level. Once that 17100 level is breached and momentum can keep it above that level, a 18600 target is possible. Wait for the break of 17100 . No position.
We might see a retest that will result in a good bull move