munyaelliott

BIDVEST GROUP LIMITED (BVT) 4-HOUR TIMEFRAME

Short
JSE:BVT   BIDVEST LTD
Price is currently stuck in a small range with support at 18 300 and resistance at 21 920. This will be a risky trade (not that there is no trade without risk) because we will be going against the trend. However, the risk reward of 4.33 gives me the confidence to still take on this position. My entry will be at 21 550. Break a chart!

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