Nice engulfing setting up. "You know this is a bull market" - Old Turkey
Note
Account balance: R8013.80Entry: R219.62
Stop loss: R232.02
Risk per share: +R12.40
Quantity: 16.4
Risk ZAR: +R203.36
Risk: +2.54%
P&L: R913.64
Nice bullish engulfing on Impala. Looking good to invalidate the hammer reversal pattern. If the stock closes above 29138c this would be the highest close since 2008. Also invalidates the hammer. I will add to the position and pull my stop to around 24490c
Note
Trade Summary 11 April 2021Entry: R236.68
Stop loss: R259.53
Risk per share: +R22.85
Quantity: 21.4
Risk ZAR: +R488.99
Risk: +7.66%
P&L: R913.64
The stock is looking quite good. Making just under half my current P/L at the minute. The company also recently paid some dividends as well. The stock looks like it has shrugged off the price adjustment for dividends. I’ve added to the position on Thursday as it breaks to a higher
Note
We had a breakout, on what now looks like it was a false breakout. I added to my position and moved my stop behind mePosition update
Average Entry: R249.99
Quantity: 27.3
Stop loss: R267.73 (+R17.38 reward per share)
Profit/loss if stop is hit ZAR: +R605.67 (+8.17%)
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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.