24 Oct 2019 - JSE:BVT - Long - Cup and Handle - MPT

I feel a little bit hesitant with this breakout but the boss (systems) says go.

Reason is... We've broken above the breakout brim level and have confirmed that what was a resistance is now a support level...

However, the previous trend was sideways which makes this trade a MPT (Medium Probability Trade).

I've gone long but instead of risking 2% of portfolio, I'm risking 1.5%.

Trade welll,

Timon Rossolimos
Founder, MATI Trader

Comment:

Picking up nicely... This is the point where I'd raise the stop loss in a way that should the trade turn against us, it would close for a gain rather than an unecessary loss.

Trade closed: target reached:

We could see JSE:BVT move sideways / down a bit before further upside. WIll wait for the next pattern formation...