Jsebid
$JSE-BIDJSE:BID
Bearish flag first target 31600/31700 area
Ultimate target gap close around 30200/30300 area.
$JSE-BIDJSE:BID
Tested break on three occasions including today as well.
On Friday we had false break into the range.
Looks like good place to be long.
First target around 34500 previous high.
Target for break on daily is around 36000.
JSE:BID Bid Corp More UpsideFollowing the advance (see link below) we have seen a backup and after the volume has spiked I am expecting the advance to continue.
$JSE-BIDJSE:BID
Is one of the shares that don't care about current sell off and would be one of the good bet to go long when market turns.
Few days ago it made big engulfing bar and current action is still inside that bar, making symmetrical triangle.
Wait for range to break before you take position.
JSE:BID Bid Corp Advance Set to ContinueBid Corp has started an upward trend. After a small re-accumulation and some volume, the trend is set to continue. Negative divergence on the volume RSI also points toward a continuation.
$JSE-BIDJSE:BID
Broke trend line from December yesterday and doing back test today.
More aggressive traders can short on the back test, for the others wait for 29500 or there about to break.
Target is around low from December at 26000
Expecting More Rally For NowBidcorp is a broadline foodservice group with a geographic reach encompassing over 34 countries on five continents. Bidcorp, operating as Bidfood in most geographies, has adopted a decentralised model of management which encourages the entrepreneurial spirit contained in each of its businesses. Each business is directly responsible for its product range, its buying and sales approach. Businesses in the different regions retain their local brand, tone of voice, look and feel specific to local culture.
Technicals
We can see the impulse move on the left, indicated by the first blue arrow, and I now expect the second impulse to complete to my initial target level. From there is is possible that we may see a reversal and a larger corrective formation take place.
