Bullish Engulfing.

Nice engulfing setting up. "You know this is a bull market" - Old Turkey
Comment: Account balance: R8013.80
Entry: R219.62
Stop loss: R232.02
Risk per share: +R12.40
Quantity: 16.4
Risk ZAR: +R203.36
Risk: +2.54%
P&L: R913.64

Nice bullish engulfing on Impala. Looking good to invalidate the hammer reversal pattern. If the stock closes above 29138c this would be the highest close since 2008. Also invalidates the hammer. I will add to the position and pull my stop to around 24490c
Comment: Trade Summary 11 April 2021
Entry: R236.68
Stop loss: R259.53
Risk per share: +R22.85
Quantity: 21.4
Risk ZAR: +R488.99
Risk: +7.66%
P&L: R913.64

The stock is looking quite good. Making just under half my current P/L at the minute. The company also recently paid some dividends as well. The stock looks like it has shrugged off the price adjustment for dividends. I’ve added to the position on Thursday as it breaks to a higher
Comment: We had a breakout, on what now looks like it was a false breakout. I added to my position and moved my stop behind me

Position update

Average Entry: R249.99
Quantity: 27.3
Stop loss: R267.73 (+R17.38 reward per share)
Profit/loss if stop is hit ZAR: +R605.67 (+8.17%)


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