The stock fell short a couple of percent of being in a bear market (-20% decline). However the uptrend support held yet again quite close to the 200 day EMA. Providing an opportunity to start building up a position with a tight initial stop loss just below the Thursday & Friday lows, but for a bit of room just below the 200 day EMA around R195. Providing an excellent short term risk reward trade with a R240 target.
If the stock above R204 I will rebuild my position with an initial stop loss at R195.70
If the stock above R204 I will rebuild my position with an initial stop loss at R195.70