Thursday, October 29, 2015

Mondi and PPC Continuation setups

These 2 stocks have both broken 3LB daily swing levels - MND on the longside and PPC on the short side. For MND the entry zone would be between R314.06 and R320.00 with a stop on a close below R308.12 and upside targets at R331.88/R343.76 and R349.70


For PPC the entry zone would be between R17.01 and R16.69 with a stop on a close above R17.32 and downside targets at R16.06/R15.43 and R15.12
Posted by at

4 comments:

  1. UnknownOctober 30, 2015 at 5:55 PM

    Both of these postions offered entry options with MND trading off a low of R318.87 and PPC off a high of R16.94. I'm personally in neither trade as I was aiming for the opposing end of the entry zones for both trades to maximise the reward-risk and these levels were not touched intraday,

    ReplyDelete
  2. UnknownNovember 3, 2015 at 12:30 AM

    MND offered a 2nd shot at entry today but PPC is now trading outside of the entry zone and if no entry was achieved to date, the short is now negated and can be registered as missed opportunity.

    ReplyDelete
  3. UnknownNovember 23, 2015 at 6:35 PM

    The MND trade has been on for a good few weeks already but we now have a fresh 3LB breakout. Going to use the opportunity to ratchet the soft stop up to R318.24

    ReplyDelete
  4. UnknownDecember 3, 2015 at 9:36 AM

    Closed position at R326.80 average as the initial target was reached so was ratcheting up a 3 day trailing stop which was triggered today. Was in this trade for about 1 month which added to the finance cost line so the end result was a 0.6-1 reward to risk on a gross basis but virtually a break-even trade (small profit) end to end

    ReplyDelete

Subscribe to: Post Comments (Atom)