bidcorp

Trend_Trader_JSE

JSE:BID consolidating near the recent all-time high. A close above R411 will be a breakout confirmation and will warrant a long position with a stop below the consolidation area, preferably no more than -10%.

Trend_Trader_JSE

JSE:BVT (pending) breakout. We've already seen a decent move on JSE:BID last/earlier this week, maybe the Bidcorp magic might come to JSE:BVT .

Timonrosso Updated 

It definitely can seem tempting to buy (go long) a stock like Bidcorp as by theory it's broken above the Cup and Handle pattern and the moving averages look great 7>21 >200. However, it's also good to look at the broader picture of price action. Bidcorp has been moving in a sideways rectangle formation since February 2021... I think only above R30.00 will give me...

Danerutherford

A break of current consolidation range and 200 MA resistance would be powerful. Golden cross also in play.

JonathanOtero7f Updated 

BID has been stuck in a range bound rectangle between R280 and R288. However, R276 has been a level it hasn't been able to break. A close below R276 triggers a short idea with R264 target. Should it trigger a stop loss would be a close above R280