BIDVEST LTDLong
BIDVEST LTD: Bullish Breakout & Potential Upside - Target R307!
1. Price Formation: The price has broken out from a Cup and Handle price formation on a daily chart. The "Cup &Handle" pattern is considered a bullish reversal pattern, indicating a potential upward trend.
2. Moving Averages: The 7-day moving average (MA) is above the 21-day MA, which is a positive sign indicating short-term bullish momentum.
3. 200-day Moving Average: The 200-day MA is just hovering. This could suggest a potential shift in the overall trend, as the price approaches or hovers around this key long-term moving average.
4. Relative Strength Index (RSI): The RSI is greater than 50, indicating bullish momentum and potential further upward movement.
5. Price Target: R307
2. Moving Averages: The 7-day moving average (MA) is above the 21-day MA, which is a positive sign indicating short-term bullish momentum.
3. 200-day Moving Average: The 200-day MA is just hovering. This could suggest a potential shift in the overall trend, as the price approaches or hovers around this key long-term moving average.
4. Relative Strength Index (RSI): The RSI is greater than 50, indicating bullish momentum and potential further upward movement.
5. Price Target: R307
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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.