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Writer's pictureLester Davids

Strategy Alert: Bidvest - Friday, 30 August 2024

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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