Bid Corp Potential power move.A break of current consolidation range and 200 MA resistance would be powerful. Golden cross also in play.
BID trade ideas
BID - Rectangle break ShortBID has been stuck in a range bound rectangle between R280 and R288. However, R276 has been a level it hasn't been able to break. A close below R276 triggers a short idea with R264 target. Should it trigger a stop loss would be a close above R280
Weekly game plan 19 July 2020 - BIDExpect to see that orange zone tested as support. A break lower there would be nice to see, but happy to close shorts in that support zone should it prove resilient.
Weekly game plan 28 June 2020 - BIDThis is an interesting setup... not just ready yet, but starting to look very interesting indeed. A longer write up on this will be on our weekly game plan blog on our website.
Bid Corp - Which way from here?Waiting for a break out and daily close on either side...
Possible long targets 27800 maybe even up to 31200
Possible short targets 21500 up to 17500
BIDCORP - Entry to go long - Although this bull flag break has already triggered a LONG, it has given another opportunity to enter intraday
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
Bid Corp (BID)Bid Corp (BID)
I’m looking at BID on both the long and short side. BUY/LONG: The price has breached the downward trend and has regained the 8/21 EMA. With US equities having cosed lower on Friday, we may see weakness at the open come Monday’s trading session hence a pullback toward 234/235 is possible – a level at which we may see support kick in and resume the back-test of the channel breakdown, with the highs near 25690 being a target. SELL/SHORT: The downward trend line going back to the 27 January peak offers a potential short zone around 26600c however bearing in mind that the ‘gap’ at 27825 may be closed.
Weekly game plan 26 January 2020 - BIDNice retest and hold of the resistance/support level for that consolidation break. Looks to be well set up for a bullish trend continuation move.
BidcorpEquities | BID Bidcorp | Daily Chart | 33656c
- Keep your eye on the price action as the share attempts to hold onto the short term incline support.
- Failure to hold could see the bear flag trigger.
- Keep in mind the gap at 30250c.
JSE:BID BID Corp Successful TestBID Corp has tested the breakout level at R320 and now is ready for the upward stride to continue. Some good volume indicates that the upwards stride could continue.
$JSE-BIDJSE:BID
Bearish flag first target 31600/31700 area
Ultimate target gap close around 30200/30300 area.
JSE:BID Bid Corp Continuation of Upward StrideFollowing the upward stride of Bid Corp (see posts below) we have now seen a backup to the key breakout level at R320 which is also the oversold line of the upward stride. We can expect a continuation of the upward stride.
BID UpdateBID Update
- The 35400c level held fairly well as a resistance zone (at the top of the channel), with the price now retreating toward the lower boundary of the channel. Which level to monitor as the next accumulation zone? Keep your eye on 320-322.
BID- Price becoming extending to the upside relative to it's 200-day moving average (30700c).
- Trading at upper boundary of rising channel.
$JSE-BIDJSE:BID
Tested break on three occasions including today as well.
On Friday we had false break into the range.
Looks like good place to be long.
First target around 34500 previous high.
Target for break on daily is around 36000.
JSE:BID Bid Corp More UpsideFollowing the advance (see link below) we have seen a backup and after the volume has spiked I am expecting the advance to continue.
Harami on BIDJSE:BID formed a bearish harami pattern with yesterday's movement. This could mean a downward move. I will wait for confirmation, as the upward momentum has been quite strong lately.
$JSE-BIDJSE:BID
Is one of the shares that don't care about current sell off and would be one of the good bet to go long when market turns.
Few days ago it made big engulfing bar and current action is still inside that bar, making symmetrical triangle.
Wait for range to break before you take position.
