Timonrosso
Long

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

JSE:BVT   BIDVEST LTD
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
Nov 05
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.
Nov 25
Trade closed: target reached: We could see JSE:BVT move sideways / down a bit before further upside. WIll wait for the next pattern formation...
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