Weekly chart analysis 7 March 2021

Firstrand

Moves to a new box, but the 30w EMA is still below the 60w EMA. The two are quite close from crossing.

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Tigerbrands

The 30w EMA is now above the 60w EMA.. Still dancing in the R197 – R218. I’m placing a limit slightly above the. 220.42 multi week high at R220.50 with a stop for the moment at 204.43.

This may change as time lapses. I might adjust my stop and accordingly change my position size as well.

Account balance :R7232

2% maximum risk: R144.64

Entry: R220.50

Stop loss: R204.43

Risk per share: R16.07

Quantity: R144.64 / R16.07 = 9

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Distell

Position

Average entry: R72.50

Stop loss: R99.02

Quantity: 4

Risk: +R106.08 (+ 1.46%)

We have a nice bullsh flag on Distell. As the stock moves to the R111 – R124 box from the R99 – R111 box. We have a nice bullish flag breakout

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Absa group

Position

No position in the market

Absa moves to the R122 – R148 from the R96 – R122. However, the 30w is still below the 60w EMA.. Waiting for those to cross first. Before I can take any trades.

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African Rainbow Minerals

Position

Average entry: R271.10

Stop loss: R258.57

Quantity: 8

Risk: -R100.24 (- 1.38%)

The stock is currently just dancing in the R265 – R 303 box. Waiting for a to break the R303 – R345 box. I’m placing a buy entry at 306.80, just above the R306.78 multi week high. With a stop loss at break even at R271.10 for now. This may change, I may move the stop loss and adjust the position size accordingly

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Aspen Pharmacare

The stock is moving to the R150 – R167 box from the R127 – R150 box. I added to my position at R150.99, pulled my stop to R134.75

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Coronation

Position

Average entry: R49.25

Stop loss: R47.22

Quantity: 47.3

Risk: -R96.02 (-1.32%)

The stock has been moving nicely currently in the R44 – R52. We are looking to add to my position as the stock moves to the R52 – R56. At the moment R48.62 looks like a good place to put my stop. Which will reduce the current risk exposure to about R30 (0.4%) of my balance. Giving me freedom to add an additional 2% risk to the trade.

Kumba

Position

No position in the market

The stock had a strong day on a on Friday closing inside the R680 – R792 breaking out of the bull flag. I wanted to enter the trade on the break. However the stock ran away from me, I was going to add into the position as it moves to the R680 – R792 box. I’m going to take the trade market open on Monday.

Trade mechanics

Account balance :R7232

2% maximum risk: R144.64

Entry: R680.4

Stop loss: R615.54

Risk per share: R64.86

Quantity: R144.64 / R16.07 = 2.2

Northam Platinum.

Position

Average entry: R207.69

Stop loss: R208.89

Quantity: 7.4

Risk: +R8.88 (-0.12%)

The stock is currently flirting with breaking to the R250 – R282. Waiting for a close above R251. and I will trail my stop to R223 which would break even for my last trade in the stock. This will protect the overall R113 (+1.6%) of my balance. Giving the freedom to risk 2% of my balance.

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Account Summary on 06 March 2021

Capital invested: R9 000

Current Balance: R7 232.64 -19.64%

Current Equity (Balance including paper P&L): R11 612.58 29.03%

Current P&L : R4 379.94

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