- 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.
PIK
Trade closed: target reached