TARGET 1 reached - Next target is even higher to R28.68Bell Equipment reached our first target R20.54 in November 2023.
It then had a mark-up phase before consolidating into a W Formation.
Once the price broke above, we knew demand and buying was still on the cards.
technically we have price above both 20MA and 200MA.
So the next target for Bell Equipment is set to R28.68.
ABOUT THE COMPANY
Bell Equipment is a pivotal player in South Africa's heavy equipment industry, renowned for its strong and reliable machinery, particularly in the construction, mining, quarrying, agriculture, forestry, and waste handling sectors.
Foundation and Specialization:
Established over sixty years ago, Bell Equipment has become South Africa's only major designer, manufacturer, and distributor of heavy equipment, recognized globally as a specialist in articulated dump trucks (ADTs).
Core Product:
The ADT is Bell Equipment's core product, showcasing the company's innovation and leading performance globally. Bell ADTs are exported worldwide from their manufacturing plants in South Africa and Germany.
Product Range and Strategic Dealerships:
In addition to its own products, Bell holds strategic dealerships with several leading global manufacturers, offering over 120 products suited to various applications, including wheel loaders, excavators, motor graders, and more.
International Presence:
Bell Equipment has a strong international presence, with operations not just in Southern Africa but also in key global markets like North and South America, the Middle East, and parts of Europe and Asia.
Innovation in Tracked Carriers:
The company has introduced Bell Tracked Carriers, leveraging its expertise in ADTs, designed for challenging terrains and conditions, such as remote pipeline projects in the US, with applications expanding globally.
