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JonathanOtero7f

MCG - Creating a rectange pattern

MULTICHOICE GROUP LTD (JSE:MCG)  
JonathanOtero7f Aggiornato   
JSE:MCG   MULTICHOICE GROUP LTD
Support and Resistance
2
0
supportandresistance
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.
Trade attivo:
Trade idea is still active. Clear support at R105 from last week. One to watch should it break below
Trade attivo:
Close below R105 and has triggered the short idea. A close above R105 would trigger the stop loss. 1st target is R100.
Trade attivo:
Short idea was triggered on Friday as it close at R104.70. Stop loss is a close above R105 with 1st target at R100.
Trade attivo:
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.
Trade attivo:
1st target reached. Full target is at R90. Trail stop loss to previous highs at R105.
Trade chiuso: obiettivo raggiunto:
Full target at R90 reached.
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