VillageTraderZA

Northam flirts with the break

Long
VillageTraderZA Updated   
JSE:NHM   None
Position
Average entry: R207.69
Stop loss: R208.89
Quantity: 7.4
Risk: +R8.88 (-0.12%)

The stock is currently flirting with breaking to the R250 - R282. Waiting for a close above R251. and I will trail my stop to R223 which would break even for my last trade in the stock. This will protect the overall R113 (+1.6%) of my balance. Giving the freedom to risk 2% of my balance.
Comment:
Position

Everage Entry: R235.82
Quantity: 16.2
Stop loss: R244.6 (+R8.92 reward per share)
Profit/Loss if stop is hit ZAR: +R144.50 (+1.84%)

Buying
Entry: R274.60
Stop loss R244.74
Quantity: 5.3

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.