MCG - Creating a rectange pattern

2020年8月2日

MCG has gone sideways from R105 and R110 for the past 2 weeks. A close above or below those levels would trigger a trade in either direction.

2020年8月10日

交易進行

Trade idea is still active. Clear support at R105 from last week. One to watch should it break below

2020年8月12日

交易進行

Close below R105 and has triggered the short idea. A close above R105 would trigger the stop loss. 1st target is R100.

2020年8月16日

交易進行

Short idea was triggered on Friday as it close at R104.70. Stop loss is a close above R105 with 1st target at R100.

2020年8月23日

交易進行

Still active and slowly moving downwards. Lack of news regarding their Netflix and Amazon addition seems to have put some pressure on the stock. Stop loss is a close above R105.

2020年8月31日

交易進行

1st target reached. Full target is at R90. Trail stop loss to previous highs at R105.

2020年9月13日

交易結束：目標達成

Full target at R90 reached.