A price action above 13900 supports a bullish trend direction. Increase exposure for a break above 14600. The target price is set at 15600. The stop-loss price is set at 1300. Crossing above the 38,2% Fibonacci retracement level might support the bullish price action. The MACD bullish crossover (see the lower panel) might support the bullish underlying trend. ...
Bytes Technology Group's strategic demerger from Altron and subsequent listings on the London Stock Exchange (LSE) and the Johannesburg Stock Exchange (JSE) marked a significant milestone in its corporate evolution. Initially listed with a market capitalization of around R13 billion, Bytes Technology has seen its value more than double to R26.5 billion, a...
Bytes Technology was spun out of Altron and separately listed on the London Stock Exchange (LSE) and the JSE. At listing it had a market capitalisation of about R13bn which has subsequently grown to R26,5bn. Altron shareholders received GBP542m in shares and cash at the demerger in a significant release of value. It describes itself as "...one of the UK's leading...
BYI still holding long term support off the big R80,00 level good risk reward on this one long term if R80,00 continues to hold
Trade Alert - from my research report - LONG or SHORT? DM me about the opportunity.