For the best part of the last six months,
BVT
has been trading in sideways range of between R212 and R192.
It recently broke above R212, going all the way up to R224.58 but didn't manage to hold the level. The stock is now trading back at support around R192. It is interesting to note, while the stock is sitting on support, the Slow Stochastic is also indicating the stock is oversold.
For this reason, I would be looking to buy now with the idea of selling as the stock makes it's way back to the upper resistance level.
Action: Place a Limit Order to go LONG with your Limit Price set to R195.00. Set your Stop Loss to R184.00 and your Take Profits to R205.00 and/or R212.00.
BVT
has been trading in sideways range of between R212 and R192. It recently broke above R212, going all the way up to R224.58 but didn't manage to hold the level. The stock is now trading back at support around R192. It is interesting to note, while the stock is sitting on support, the Slow Stochastic is also indicating the stock is oversold.
For this reason, I would be looking to buy now with the idea of selling as the stock makes it's way back to the upper resistance level.
Action: Place a Limit Order to go LONG with your Limit Price set to R195.00. Set your Stop Loss to R184.00 and your Take Profits to R205.00 and/or R212.00.