Looking to Buy Bidvest

Looking to Buy Bidvest

After a positive close yesterday, BVT has managed to break above the 50 day moving average.

This is a bullish signal for potential upside.

We are also beginning to see the momentum indicators starting to turn more positive which could see the share price make a run for that next resistance level. A move above the 200 day moving average will be even more bullish confirmation for further upside.

Chart by TradingView

Here’s the levels I am looking to trade

Buy (Long) BVT (CFD) 202.00
Stop loss 196.50
Profit target 216.00

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