24 Apr Stoploss triggered on Mr Price
We adjusted the stoploss on Mr Price in our iTrade Fantasy League portfolio upwards when the share price moved up to R283 earlier this month. We set the stoploss at R260, 8% below the high. Because we adjusted the stoploss upwards to trail the share price going higher, we lost less than R1,000 on the investment, including all transaction costs. Since we sold at R260 the share price has slipped nearly R4 to an intra-day low of R256.16 by 12 pm
The MACD technical indicator confirms the bearish view on Mr Price, having turned downwards from an overbought position and crossing its trendline. If you want to learn more about technical analysis, just register as an iView client on www.SanlamiTrade.co.za, free for our Facebook fans until the end of the year. Remember to select Facebook when asked where you heard about iTrade, all others will pay R200 per year. There are modules on analysis in the “Learn” section as well as recommended books.