VillageTraderZA

Coronation stays above the 200 week EMA

Long
JSE:CML   CORONATION FUND MNGRS LD
The stock broke the 200w EMA . came back to retest it. and stayed above it. Looking good to move higher 51-58 box
Comment: Everage Entry: R47.83
Quantity: 29.70
Stop loss: R43.14

The stock was stuck in the R37 - R44 box. When it broke, the boy did it move. breaking through the 200 week EMA, came back to retest it and it held. I’m now waiting for a break through R51 as it move to the R51 - R58. I will add into the position then.