Medium term view. Buy at current levels or lower. The persistent print against the overhead resistance as well as Friday's candle structure may be indicative of the potential for the share to breach it's downward trend and potentially trade higher over the medium term. The strong move higher in Copper Futures may also be supportive of the buy/long view. Some further consolidation could be expected before the potential swing higher. Trade Management: As always, traders could consider the following if/when the share approaches the target: bank/take profit, partially scale out, adjust the stop-loss to protect profits. Time stop: Monday, 06 May 2024.
TRADING LEVELS:
Entry: 10749
Target: 12051
Stop-loss: 9760
TRADING LEVELS:
Entry: 10749
Target: 12051
Stop-loss: 9760