Quick Trade Technicals - Grindrod Limited [JSE:GND]
Grindrod (GND) has completed a Head and shoulders pattern and has broken through the neckline, entry to the trade should be taken at 1169c but can come down to retest the support channel. The first take profit target is 1212c and full profit take profit level at 1275c.
Direction: Buy (long)
Entry: 1169c
Stop: Loss: 1100c
Take Profit: 1212c
Chart Source: Bloomberg
Always remember to apply your risk management measures before placing your trades as this will keep you trading in the markets.
Barry Dumas | Trading Specialist at GT247.com
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