GT247.com Trading Blog

GT247.com Trading Desk Insights 04 August 2017

Written by GT247 Trading Desk | 04 Aug 2017

Insights into the performance of our traders published technical takes over the past few weeks - updated  4th August 2017

 

Check out their performance:

 

 

 

 

Odwa Magwentshu was once a mechanical engineer and now a self-taught trader in the forex space. Understands what it takes to get started in the markets with no background experience to making profits in the markets. From a small town in the Eastern Cape to the concrete jungle where dreams are made of (Jozi), joined the GT247 team in 2016.

Trade instrument Northam Platinum Comments
Entry 4680 Triggered today. 
Direction LONG
Stop loss 4210
Target price 1 5500
Target price 2  -
Trade instrument UsdCad Comments
Entry 1,264 Has not triggered. Wait for the entry.
Direction LONG
Stop loss 1,25
Target price 1 1,277
Target price 2 1,293
Trade instrument UsdJpy Comments
Entry 112 Still open. Move stop loss to 111.
Direction SHORT
Stop loss 114,5
Target price 1 108,8
Target price 2 105,3

 

 

 

 


Paul Chakaduka is better known as Chucks – a nickname bestowed on him by friends who found his surname difficult to pronounce. Born in Harare and educated at Rhodes, Chucks thrives in fast-paced trading world of Johannesburg. Single and available, Paul is all about finding the perfect partner and perfect trade. 

Trade instrument BRITISH AMERICAN TOBACCO Comments
Entry R876,00 Stop loss triggered on 28 August after the FDA announcement in new nicotine regulations
Direction LONG
Stop loss R850,00
Target price 1 R920,00
Trade instrument MTN/VOD Comments
Entry 0,68 Stop loss was triggered. Trade concluded.
Direction LONG
Stop loss 0,62
Target price 1 0,8
   

 

 

 

 

Dean Bakos joined GT247.com in 2017 after completing his Bachelor of Accounting with an Honors in Investment Management at UJ. A real people’s person with an inspirational zest for life. Dean has a keen awareness in politics and financial markets.  Dean will always try his best to provide legendary service and hospitality to whomever he meets. If he is not at the trading desk looking for the next best opportunity you will find him with family and friends doing what he does best: Eating, drinking and enjoying life on the golf course.

Trade instrument ASPEN Comments
Entry current In the trade. Keep holding.
Direction LONG
Stop loss 26800
Target price 1 30000
Target price 2 x

 

 

 

Barry Dumas has experience in the investment industry for the last 9 and a half years mostly advising clients on their investment portfolios and managing clients long term investments. He enjoys educating clients on trading / investing and technical analysis on securities. He currently holds a Wealth management qualification and is studying towards becoming a securities trader on the JSE.

Trade instrument AFRICAN RAINBOW MINERALS Comments
Entry R86,50 Entry triggered on 19/7/2017 and reached 1st target on 1/8/2017, moved stop to 9003c
Direction LONG
Stop loss R78,01
Target price 1 R92,25
Target price 2 R96,81
Trade instrument GBP/USD Comments
Entry 1169 Entry triggered on 18/7/2017 , and reached 1st target price on 13/7/2017
Direction LONG
Stop loss 1100
Target price 1 1212
Target price 2 1275

 

 

 


Musa Makoni studied BCom Hons in Financial Economics and Investment Management at the University of the Free State. As the youngest member of the GT247.com trading desk, he brings additional energy and fresh take on trades. Musa manages the daily GT247 blogs, bringing trade ideas for all our clients. 

Trade instrument DISCOVERY Comments
Entry R137,50 Triggered first target of R145 on 03 August & stop loss was moved up to R142. Stop loss was triggered on the same day. Trade concluded.
Direction LONG
Stop loss R133,00
Target price 1 R145,00
Target price 2 R150,00
Trade instrument CORONATION Comments
Entry 67,22 In the money stop loss of R69 was triggered. Trade concluded.
Direction LONG
Stop loss R66,00
Target price 1 R69,50
Target price 2 R72,50

 

 

 

 

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Disclaimer: Any opinions, news, research, analyses, prices, or other information contained within this research is provided as general market commentary, and does not constitute investment advice. GT247.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. The content contained within is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
 
 

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