MRP has managed to close the previous gap established in June. It is looking a bit "tired" and over-bought now and upward momentum is slowing. Today's weakening of the Rand should put pressure on the stock and be the catalyst for the next move lower. My "projected move indicated on the chart takes the price down to around R226.00 where is meets it's "new" immature rising trend.
I doubt i will get my entry price but I am not going to chase this one either. If it gets there, I will go short. If it doesn't, we move on. I'll be risking 2% of portfolio value on this one.
RobbyP
I doubt i will get my entry price but I am not going to chase this one either. If it gets there, I will go short. If it doesn't, we move on. I'll be risking 2% of portfolio value on this one.
RobbyP
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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.