VillageTraderZA

Patiently waiting

Long
JSE:TBS   TIGER BRANDS LTD
The 30w EMA is now above the 60w EMA .. Still dancing in the R197 - R218. I’m placing a limit slightly above the. 220.42 multi week high at R220.50 with a stop for the moment at 204.43.
This may change as time lapses. I might adjust my stop and accordingly change my position size as well.

Account balance :R7232
2% maximum risk: R144.64
Entry: R220.50
Stop loss: R204.43
Risk per share: R16.07
Quantity: R144.64 / R16.07 = 9