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BVT

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.
JSE:BVTLong
by Timonrosso
Birdvest going to R258.13Cup and Handle has formed on the daily with Bidvest. The price has broken out and we are being a bit premature to go long, but the demand pressure is strong. 7>21>200MA Bullish signal Target R258.13 Fundamentally, with the interest rate decision to pump up the market responded mostly positively for a short term view and this is probably because of the buying taking place from the positive fundamentals in America with a slow down rate with inflation, QE and interest rates. We can only hope this bull run continues as we traders deserve it waiting all these months :D CONCERNS: The price has been moving in a solid sideways formation, which makes it a medium probability trade. I'll be only risking around 1.5% of my portfolio for this one.
JSE:BVTLong
by Timonrosso
24 Oct 2019 - JSE:BVT - Long - Cup and Handle - MPT I feel a little bit hesitant with this breakout but the boss (systems) says go. Reason is... We've broken above the breakout brim level and have confirmed that what was a resistance is now a support level... However, the previous trend was sideways which makes this trade a MPT (Medium Probability Trade). I've gone long but instead of risking 2% of portfolio, I'm risking 1.5%. Trade welll, Timon Rossolimos Founder, MATI Trader
JSE:BVTLong
by Timonrosso
Go long Bidvest LtdBidvest 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.
JSE:BVTLong
by UnknownUnicorn3689126
Possible buy on Bidvest LtdFor the best part of the last six months, Bidvest Ltd has been trading in sideways range of between R212 and R192. It recently broke above R212, going all the way up to R224.58 but didn't manage to hold the level. The stock is now trading back at support around R192. It is interesting to note, while the stock is sitting on support, the Slow Stochastic is also indicating the stock is oversold. For this reason, I would be looking to buy now with the idea of selling as the stock makes it's way back to the upper resistance level. Action: Place a Limit Order to go LONG with your Limit Price set to R195.00. Set your Stop Loss to R184.00 and your Take Profits to R205.00 and/or R212.00.
JSE:BVTLong
by UnknownUnicorn3689126
$JSEBVT Bidvest stuck in a BOX. To resist again?Bidvest has been trading in this box since November last year with two failed breakouts on both the upper and lower end. Other than those two fake breaks, action has been contained pretty much between R192 - R210. Without any positive news flow in the next couple of days/weeks there is a good chance this R210 level could resist again. If we see a reversal off R210, look for a retest of the lower end of the box and a closure of the gap at R193.50.
JSE:BVTShort
by MarcoOlevano
1
Bidvest Correction Is Not Complete YetFounded by entrepreneur Brian Joffe in South Africa in 1988, Bidvest Group Limited is a well known international trading, services and distribution company which first listed shares for sale on the Johannesburg Stock Exchange (JSE) in 1990. The group either owns or has significant holdings in about 300 companies, with a portfolio of assets that spans five continents and an employee complement of just over 141 000 people worldwide. Technicals I don't believe that the full correction has completed as yet and expect to see a 61.8% Fib retracement from the low before there will be another wave to the downside. This correction will likely end after 3 waves but the possibility of 5 does exist. Once the correction is complete, there are very large targets to the upside.
JSE:BVTShort
by Linton_White