Description
⋅ A break above the current R5.30 - R5.45 overhead resistance would trigger an entry for the cup and handle trade.
The full price target is approx R7.66 with a stop loss below R4.70 making for a good risk vs reward trade.
Next set of results for the year ended 31 December 2020 are due to be released on the 4th of March 2021.
Trade active
⋅ Position opened
Trade closed: stop reached
⋅ Unfortunately, this one didn't go to plan. I still like the Grindrod fundamentals but one needs to be patient for the next entry.