Bidvest has pulled back from its most recent rally and there might be an opportunity for another minor rally should the current support level hold. A close above R226.73 is the signal needed to enter the long trade. Should it break through the trendline then there might be significant downside therefore the stop loss on this trade is relatively tight.
ENTRY: Daily close above R226.73
STOP LOSS: R215.43
TARGET PRICE: R249.00
Chart representation DAILY
Source: Bloomberg
Disclaimer: Any opinions, news, research, analyses, prices, or other information contained within this research is provided as general market commentary, and does not constitute investment advice. GT247.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. The content contained within is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
