BVT - Inverse H&S long idea

11 août 2020

Inverted H&S on the hourly signals a long trade if it closes above R142. Full target is R154. Stop loss is a close below R138, then trend continues downwards.

12 août 2020

Transaction en cours

Idea is active. Stop loss close below R138

16 août 2020

Transaction en cours

Trade is still active. With the opening of level 2 there could be some positive sentiment coming back to SA inc. Stop loss is still a close below R138.

23 août 2020

Transaction en cours

Trade idea is still active and has made higher lows and higher highs since the break of R142. R148 will be a level to watch and could be an opportunity to take some risk off should things start to go sideways. Stop loss is still a close below R138 but if you want to be more conservative you can move it to a close below R140.

31 août 2020

Trade fermée: ordre d’arrêt atteint

Idea is now closed. 1st target was reached but it has now broken lower highs so it's time to get out. R150 once again showing resistance.