Bell Equipment ready to rocket to R20.54W Formation formed on the daily.
We have had a recent breakout and it's been a weird one.
Due to the illiquid nature of the share, the wicks are quite large.
So I've incorporated both wicks and bodies to the W Formation in this case.
Other signals point upside:
7>21>200
RSI>50
Target 1 will be to R20.54
ABOUT THE COMPANY
Bell Equipment is a South African company renowned for its design, manufacturing, and marketing of equipment used in construction, mining, and other industries.
Founding:
Bell Equipment was founded in 1954 by brothers Irvine, Malcolm, and Peter Bell.
Headquarters:
The company is headquartered in Richards Bay, South Africa.
Global presence:
Bell Equipment has a global footprint with strong distribution networks throughout Africa, Europe, the Americas, the Middle East, and the Asia-Pacific region.
Public Listing:
Bell Equipment is listed on the Johannesburg Stock Exchange (JSE).
Bell ADTs:
Bell is most notably known for its Articulated Dump Trucks (ADTs), recognized for their innovative design and reliable performance. They are a leading brand in this field worldwide.
Diversified products:
Besides ADTs, the company produces a wide range of machinery, including loaders, haulers, tractors, and backhoes, for applications in construction, mining, forestry, waste handling, and agriculture.
Bell Equipment's products are used worldwide:
The company's machinery is used in over 80 countries worldwide.
