Expecting More Rally For Now

30 jan. 2019Bidcorp is a broadline foodservice group with a geographic reach encompassing over 34 countries on five continents. Bidcorp, operating as Bidfood in most geographies, has adopted a decentralised model of management which encourages the entrepreneurial spirit contained in each of its businesses. Each business is directly responsible for its product range, its buying and sales approach. Businesses in the different regions retain their local brand, tone of voice, look and feel specific to local culture.

Technicals
We can see the impulse move on the left, indicated by the first blue arrow, and I now expect the second impulse to complete to my initial target level. From there is is possible that we may see a reversal and a larger corrective formation take place.