Peet_Serfontein

ASR: mean reversion trade?

Long
JSE:ASR   None
The blue band is the lower two standard deviation range.
High probability for a mean reversion.
Mean reversion is a theory used in finance that suggests that a share price will revert to the long-run mean (black thin line).
Time to exit: +/- 1 October 2019.
Risky trade with a 6.3 stop loss.
Trade closed: stop reached

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