Go long Bidvest Ltd
Bidvest has been trading in a range between R212.00 and R192.00 since November of last year.Since the stock is now getting close to trading at the lower end of that range, it could be a good idea to go long on the company. I would, however, prefer to get in at a lower price than where it is currently trading.
I would thus advise to put in a limit order closer the the bottom end of the range and then waiting it out.
Action: Place a Limit Order to go Long with your Limit Price set to R193.00. Set your Stop Loss to R180.00 and your Take Profits to R205.00 and/or R215.00.
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