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LD_Perspectives
Sep 20, 2019 4:59 AM

Bidvest 

BIDVEST LTDJSE

Description

The share has rallied strongly from the double bottom breakout at 18000c however is now trading in a consolidation range around it's flat 200-day moving average 19887c. Typically, we would see a share break above the MA before turning lower. This may very well be the case with BVT as a downside "gap" of 19293c may potentially be closed, acting as a short term target. The near term moving averages have lost upside momentum, suggesting a short term consolidation phase ahead.
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