Peet_Serfontein

EMI: some upside potential?

Long
JSE:EMI   EMIRA PROPERTY FUND LTD
A price action above 800 supports a bullish trend direction.
Increase the long exposure for a break above 840.
The target price is set at 960 or the 78.6% Fibonacci retracement level.
The stop-loss price is set at the start of the Fibonacci retracement level.
The start of upside price momentum might support the price action.
Remains a risky idea.

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