Bidvest: Here's How I See It - Thursday, 19 September 2024
- Lester Davids
- Sep 19, 2024
- 1 min read
Pre-Market
Ticker: BVT
Strong price action above R290 opens the door to clear the overhead supply of R300.
Potential MEDIUM TERM upside target = R345
Setup invalidated below R288
Previous Post (03 September)
Pre-Market
Ticker: BVT
BVT's pullback is in line with the Strategy Alert and also in line with Friday evening's reading via the Tactical Trading Guide (see below).
The 50-day EMA at R275-277 is my next level of interest.
Previous Post (Friday 30 August)
Real-Time: 10h48
Ticker: BVT
Today's price action is also in line with yesterday evening's reading via the Tactical Trading Guide.
Previous Post (21-Aug)
Pre-Market
Ticker: BVT
Yesterday's bearish reversal in BVT is in line with Monday evening's short term reading which stated that: "Aggressive buying was underway, however, traders should not chase but instead, look for an overshoot and failure to hold it's prior session highs and short/sell back to the 8-day EMA".
The extract from Monday's end-of-day data set is shown below:
As of yesterday's close, we saw the share print ga bearish engulfing candle. Look for a potential gap fill (lower) at R273, which is in line with the 21-day EMA.
Most recently BVT provided the following opportunities for clients of Unum Capital.
Lester Davids
Analyst: Unum Capital
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