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Peet_Serfontein
Jan 16, 2024 5:01 AM

BID: seize the opportunity to buy in a dip? Long

BID CORPORATION LTDJSE

Description

A price action above 42500 supports a bullish trend direction.
The blue circle indicates the optimal entry point during a pullback.
Increase exposure for a break above 44800.
The target price is set at 46300 (full retracement of the Fibonacci levels).
The stop-loss is set at 42300.
Remains above its 200-day simple moving average, which is regarded as bullish.
The dotted trendline indicates a change in sentiment from bearish to bullish.
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