Exxaro has some good momentum. I'm looking to add into my position when we break and close on the other side of 180
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Position
Average Entry: R153.22 Quantity: 10.20 Stop loss: R146.53
The stock is moving very well at the moment. Looked like it was breaking into the R180 - R200 box. I’m waiting for a break through R180 then I will get into my position and pull my stop loss behind me. Perhaps around R167 to start or half way through the R160 - R180 box.
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Exxaro
Got stopped and had a second trigger
Position
Everage Entry: R185.52 Quantity: 11.3 Stop loss: R168.8 (-R16.72 risk per share) Profit/Loss if stop is hit: -R188.94 (-2.41%)
Waiting for: R184
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Exxaro gapped sharply on ex div day. The dividend was quite chunky. To account for this I moved my stop lower to R123.60. The stock has held the 200d EMA since.
I’m now waiting for a close above R166 to readjust my stop loss.
Position
Average Entry: R185.52 Quantity: 11.3 Stop loss: R143.65 (-R41.87 risk per share) Dividends : R18.86 * 11.3 = R170.50 (adjusted for DWT) Profit/Loss if stop is hit: -R302.63 (-4.08%) (adjusted for dividends received.)