The stock moved strongly to a the higher box. I raised my stop loss to R151.68 increasing the profit to +1.15%
The stock broke the short term consolidation resistance . I raised my stop loss to R147.43 raising my profit to +1.39% profit. I will add a 1% risk to the position with 7 Shares
Do you remember when John Biccard (Investec), Piet Viljoen (RECM) and Francois Finlay (Cadiz) were ridiculed in the Sunday Times on 07 July 2013 in an article titled: "Trouble When The Stars Stop Shining". I remember that article all too well...It was (very) early in the resources bottom and a certain journalist decided to have go at them. Anyway, we all know...
R95.50 is both lateral and diagonal resistance for RBP which has struggled to break it in the last few times it was tested Reward to Risk 1.5 - 1 *Disclaimer* - ideas shared in the above is for educational purposes only and IS NOT trading or financial advice.
Could trade down to R72 to R65 (horizontal dotted lines). This is a previous major supply zone that saw a breakthrough in Feb-2021. The current retracement could be viewed as a back-test. Share -25% month to date on the back of lower metal prices and a downgrade of output. I'm monitoring for print in the aforementioned range and a potential rebound trade.
Royal Bafokeng Platinum is oversold on weekly and daily stochastics. Price nearing long term upward trend and 200 day moving average. Although instrument is moving sideways in an upward trend i feel that the demand for platinum will continue and that the rand will weaken. Will be using a fairly small stop on this trade.
- JSERBP has had a pullback after its latest earnings report was published... - The move looks over done - Entry will be a break above R100.23 - Looking for a move towards R108.50 - A daily close below the R95 level will negate the bullish swing -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.
Nice falling wedge break out on Royal Bafokeng Plat
Nice looking falling wedge on RBP a breakout from the wedge will offer a nice tight stop
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...
Nice healthy uptrend channel on RBP
Been holding the stock for a while now. The stock looked good to break into the R93 - R109 box. Having a tough with the R93 resistance. Still looking for a breakout. I will add to my position when we break above R93
RBP looking lekker breaking into higher boxes in recent times
RBP cleared resistance at R76.50. While trading above the breakout level a move to R100 seems possible.