Get started

Jsebvt

Bidvest setting itself for great upside to R270.00Falling Wedge has formed on the daily. We need the price to break above before it's confirmed. Price>200 which is showing the uptrend despite 21>7ma - There could be a change of trend, if we see further upside. RSI<50 which isn't comforting, hence we need the break out. Target R270.00 ABOUT Bidvest, is a South African conglomerate company and was founded in 1988 and is headquartered in Johannesburg, South Africa. The company operates in a wide range of sectors, including services, trading, distribution, and logistics. The company employs over 130,000 people globally. It includes Bidvest Services, Bidvest Freight, Bidvest Foodservice, and Bidvest Automotive. Bidvest Services offers a variety of facilities management, outsourcing, and professional services. Bidvest Freight provides logistics and transportation solutions, including freight forwarding and supply chain management. Bidvest Foodservice is a leading foodservice distributor, supplying a wide range of products to the catering, hospitality, and retail sectors. Bidvest Automotive is involved in the import, distribution, and retail of motor vehicles, parts, and accessories. The company has expanded internationally and has operations in countries such as the United Kingdom, Australia, New Zealand, and many African nations.
JSE:BVTLong
by Timonrosso
EXPLAINED: A Bullish Fair Value Gap (FVG) - Smart Money ConceptsA Bullish Fair Value Gap is a 3 candle structure with an up impulse candle (2nd) that indicates and creates an imbalance or an inefficiency in the market. WHAT DO THE IMBALANCES TELL US? These imbalances tell us that the buying and selling is not equal. Now the market needs to rebalance (move at least to 50% of the fair value gap to fill) to make up for the imbalance and rebalance. For this to happen we need to see orders filled in the prices of the candle with the FVG. HOW A BULLISH FAIR VALUE GAP IS CONSTRUCTED: 1st Candle Draw a horizontal line from the top of the wick. 3rd Candle Draw a horizontal line from the bottom of the wick 2nd Candle Draw a BOX between the above and below and pull it over to see the FVG range. BETWEEN CANDLE 1 and CANDLE 3: Do NOT show common prices. They do NOT touch where the upper & the lower wicks do NOT overlap. With a Bullish FVG we can expect the market price to move DOWN. HOW MUCH? I believe a Bullish FVG needs to close at least 50%. So you can drag a Gann Box or a Fib retracement (take out all the other levels except 50%). Wait for the price to close and fill the prices and boom - Your Bullish Fair Value Gap has been filled. Let me know if you have any other SMC (Smart Money Concepts) Questions.
JSE:BVTEducation
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
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