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
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