A break above the current R5.30 - R5.45 overhead resistance would trigger an entry for the cup and handle trade.
The full price target is approx R7.66 with a stop loss below R4.70 making for a good risk vs reward trade.
Next set of results for the year ended 31 December 2020 are due to be released on the 4th of March 2021.
The full price target is approx R7.66 with a stop loss below R4.70 making for a good risk vs reward trade.
Next set of results for the year ended 31 December 2020 are due to be released on the 4th of March 2021.
Trade active:
Position opened
Trade closed: stop reached:
Unfortunately, this one didn't go to plan. I still like the Grindrod fundamentals but one needs to be patient for the next entry.