Trade Bid Corp with Unum Capital.
To get started, e-mail lester@unum.co.za
After A 6000c Rebound, This Is The Next Key Level To Monitor.
To accelerate momentum, R470 remains a key level / now attempting to break above this level / in the short term, it has entered an overbought range.
Note: It been flat for 12 months hence you could say it's not overextended. Exposure to Europe and UK + stronger ZAR has weighed however, if EUR & UK turn positive, the share could start to reflect the positive change in sentiment.
[The original model reading (31-October), which highlighted the probability for a rebound, is shown further below on this page]
Clients will recall our model reading reading looking for a rebound 31 October (Note Published: Thursday 31 October 2024). Scroll down to view the original post.
Previous Post: Bid Corp: Sellers In Control But Potential For A Rebound
Thursday 31 October 2024
Time Published: 09h56
Ticker: BID
Here's What The Model Says
Previous Post: BID CORP (BID): Full Target Reached - Wednesday, 31 July 2024
Real-Time: 15h41
The idea was the accumulate on prints below R422. The stop-loss was briefly breached, before a further consolidation and bullish reversal.
Lester Davids
Analyst: Unum Capital
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