JonathanOtero7f

MRP - Short idea

Short
JSE:MRP   MR PRICE GROUP LTD
MRP has run hard after its earnings and has managed to hold R230. A close below that level could see some profit taking and maybe a short term flag in the making. 1st target at R222.50 and full target at R205 should things really get ugly.
Trade active: Half of the positions has been taken off. Full target will be at R210. Stop loss is now a close above R230.
Trade active: A close above R222.50 will hit our trailing stop loss after 1st target was hit.