Average Entry: R75.50
Stop loss: R99.02
Distell is a stock I’ve held for some time. It has been moving to higher boxes over time since. Could not add to the position because I had since implemented a rule to trade in the direction of the weekly trend. The 30w as of writing is only 13 points from crossing the 60w . The stock broke to the R110 - R122 from the R101 - R110 box.
Daily chart analysis
Taking a lot at the . We have a nice looking on the stock as it was testing the R111 Support which held quite well. I'm going to add to my position when the stock breaks out of the .