Bidcorp- Reversal in play
After a strong reaction to their earnings release, it looks like traders are taking some money off the table. Momentum has shifted from over-bought conditions and we can clearly see the sellers are in control at the moment.
To what extent the pull-back will continue is anybody's guess but at just about a 21 PE, I suspect the stock is probably on the expensive side now. Short sellers can look for an pull-back to the 50 Day MA which I currently peg at R420.00 per share. Leave yourself some room for a stop loss at R460.00.
To what extent the pull-back will continue is anybody's guess but at just about a 21 PE, I suspect the stock is probably on the expensive side now. Short sellers can look for an pull-back to the 50 Day MA which I currently peg at R420.00 per share. Leave yourself some room for a stop loss at R460.00.
Trade fermée: cible de profit atteinte
We have taken profit. We did have to to pay in the R5.00 dividend but a good trade nevertheless
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.