AWPEARCE1

BVT - 1W - BIDVEST

Long
JSE:BVT   BIDVEST LTD
Bidvest has had a strong run. I see a Head and Shoulder pattern formed all the way from April 2019, and a possible cup and handle formed from March 2022. Both bullish formations. I will wait for a breakout and for the resistance level to change into a support, as this share has been trading in a sideways range for a long time. My first target will be R163.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.