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Peet_Serfontein
Apr 12, 2023 11:52 AM

VKE: stability in the price action Long

VUKILE PROPERTY FUND LTDJSE

Description

Stability in the price action makes the share attractive as a speculative long position.
A bullish trend is applicable above 1280.
Increase long exposure for a break above 1310. This is also its 200-dau simple moving average.
The target price is set at 1350 (almost the upper range of the Bollinger Bands).
Stop loss is set at 1240. Negate the bullish bias for a break below this level.
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