VillageTraderZA

Nice horizonal bullish flag as RBP breaks to a higher box

Long
JSE:RBP   ROYAL BAFOKENG PLATINUM LTD
RBP

Trade Summary 11 April 2021
Entry: R88.27
Stop loss: R96.77
Risk per share: +R8.50
Quantity: 27.8
Risk ZAR: +R236.30
Risk: +4.50%

We have a nice horizontal bullish flag on the stock. As the stock looks to break in to a higher box. I’m looking for a break above 11880c. Then I will add to the position and trail my stop loss to around 10420c. To add more wind at the back of this trade. Platinum looks quite bullish as well. There’s a nice symmetrical triangle pattern on platinum . If platinum breaks you would imagine Platinum miners will break as well.