Exxaro has some good momentum. I'm looking to add into my position when we break and close on the other side of 180
Note
PositionAverage Entry: R153.22
Quantity: 10.20
Stop loss: R146.53
The stock is moving very well at the moment. Looked like it was breaking into the R180 - R200 box. I’m waiting for a break through R180 then I will get into my position and pull my stop loss behind me. Perhaps around R167 to start or half way through the R160 - R180 box.
Note
ExxaroGot stopped and had a second trigger
Position
Everage Entry: R185.52
Quantity: 11.3
Stop loss: R168.8 (-R16.72 risk per share)
Profit/Loss if stop is hit: -R188.94 (-2.41%)
Waiting for: R184
Note
Exxaro gapped sharply on ex div day. The dividend was quite chunky. To account for this I moved my stop lower to R123.60. The stock has held the 200d EMA since.I’m now waiting for a close above R166 to readjust my stop loss.
Position
Average Entry: R185.52
Quantity: 11.3
Stop loss: R143.65 (-R41.87 risk per share)
Dividends : R18.86 * 11.3 = R170.50 (adjusted for DWT)
Profit/Loss if stop is hit: -R302.63 (-4.08%) (adjusted for dividends received.)
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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.