Bidvest in resting mode until the big breakout up to R290.00Bidvest has been moving in a sideways consolidation pattern called a Diamond Pattern since November 2023.
This is where there is a tug of war between the bulls and the bears.
BUt the fact that the price is holding quite well despite the international market crashes, means the buyers are holding the stock strong.
It will most like need a few more weeks/months for the pattern to play out. But once it breaks above the consolidation, we can easily see the price head up to R290.00
It's a patience game for Bidvest.
