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[JSE:CFR] Richemont - Trading junk status with hedges

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Dean Bakos
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On Friday we got downgraded to Junk by S&P and we saw our beloved rand weaken again. In times like these we like to run to our rand hedges to make profits. One nice opportunity is present in Richemont Securities. Trading at the bottom of a channel and just above the moving average support.

 

TRADE SUMMARY

Buy Current Levels- 12400

Stop- 11900

Take Profit - 13000

 


 
 

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