BVT has managed to close below R135 for the first since July 2016 and during this lockdown has managed to hold above however it closed below the level on Friday and has triggered the short idea. First target at R126 and second target R118.
Trade active:
Short trade is still opened. Our first target was marginally missed and after an upgrade from Investec the stock managed to bounce really hard. It has now stalled around the R140 level. A close above R143 would trigger the stop loss.
Trade closed: stop reached