The stock had a strong day on a on Friday closing inside the R680 - R792 breaking out of the bull flag. I wanted to enter the trade on the break. However the stock ran away from me, I was going to add into the position as it moves to the R680 - R792 box. I’m going to take the trade market open on Monday.
We had a close above R674 in was seems to have been a false break. I’ve added to the position. Now waiting for a close above R680, to move my stop loss. Looks like the stock is having a tough time breaking the R680 resistance
Position update Average Entry: R645.8 Quantity: 7.8 Stop loss: R630.18 (-R15.02 risk per share) Profit/Loss if stop is hit: -R117.16 (-1.58%)