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BIDVEST LTDBIDVEST LTDBIDVEST LTD

BIDVEST LTD

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BVT trade ideas

BIDVEST - Long Idea #theStrat- Break of last week's high R188.13 will open a long trade targeting R195.57 (TP1) and then R200.58 (TP2) - Below R180.40 breaks the weekly candle to the downside and negates the trade. Better risk/reward entries can be found intraday if your bias is to the long side with the opportunity to add when to a position once the weekly high is broken. -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.
JSE:BVT
by Trader-Dan
BIDVEST - Upward Channel with Upward MomentumJSE: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 could see a move up to the top of the channel which also coincides with the strong resistance level at around the 22000 level.
JSE:BVTLong
by RossLarter
Trade Setup: BidvestOver 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 has acted as a resistance area Trade Levels: Sell/Short at current levels (19387c) or higher. Preferred range: 19387c up to 19560c Stop-loss: 19960c Target Range: 18400c-18600c
JSE:BVTShort
by LD_Perspectives
Bidvest LtdOver 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 candle. - Negative divergence as per the RSI. - A pending MACD crossover In addition, the price trades near the upper boundary of the linear regression channel. After trading sharply higher since 13 May, the price appears to have little room for extensive upside, and based on the aforementioned technical factors, I am considering a short/sell with the following levels: Sell/Short at the current levels of 19764c (or higher, up to 19970c) Stop-loss: 20450c Target Range: 18900c, down to 18700c Time Frame: Short Term
JSE:BVTShort
by LD_Perspectives