- Retailers have had a decent relief rally of late
- Price is up against the down trendline
- Possible scenario is it sells off from here or consolidates first then weakens
- A close above R70 negates the view (rather use a wider stop loss + smaller position with this current volatility)
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
PIK
- Price is up against the down trendline
- Possible scenario is it sells off from here or consolidates first then weakens
- A close above R70 negates the view (rather use a wider stop loss + smaller position with this current volatility)
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
PIKTrade closed: target reached
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.