Uncertain times

Markets have been, well, strong in the U.S. and weak here in South Africa. These certainly are uncertain times for local traders and investors. Nevertheless, there are trades to be had. Thus, today we give a little update on some of the trades that we have done over the last two or so weeks.

Recent Trades
Buy DRD Gold

It’s no secret that we are bullish Gold and we think that DRD is offering a decent risk-reward. Should the wheels fall off the U.S. economy later this week after they report some economic data on Thursday, we believe that Gold should catch a bit and DRD is well positioned to shine in that scenario.

Buy and Sell GFI

We caught the bounce on GFI. After it bottomed on the 22nd of Feb, we managed to get some stock at R229.80, which we sold the very next day (23rd of Feb) at R241.11. If you get a good chance to make a quick buck in uncertain times, take it with both hands.

Making the most of uncertain times
Buy and Sell SSW

Well, not every trade is a winner. We bought and stopped out of SSW. Entry was R20.82 and we stopped out at R20.18 two days later. Uncertain times indeed.

Buy MCG

So MCG turned down Canal +, only to announce a content deal with Paramount Plus. This is certainly good news for MCG streaming subscribers. Here’s looking good for new highs once this level is broken. We bought the break at R107, which may have been a bit early, but we think it should be ok in the end. Target is R123 with a stop at R100.

Herenya on TradingView.com

Exciting news! Herenya now integrates with TradingView.com! Our clients can trade directly from TradingView, enhancing convenience and efficiency. TradingView offers top-tier market tracking, financial news, and quotes, aligning with Herenya’s commitment to innovation. This integration simplifies investment management for all, whether seasoned investors or newcomers. Log in to TradingView with your Herenya account to access seamless trading and real-time data. Join us now for expert guidance and enhanced trading capabilities.

If you are not trading with us yet, what is stopping you?

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*Please note that these trade ideas form part of a larger weekly plan and the value of financial products can increase as well as decrease over time, depending on the value of the underlying securities and market conditions. The risk of loss arising from trading in Contracts for Difference can be substantial. You should carefully consider whether such investments are suitable for you in the light of your circumstances and financial resources.

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Every week needs a new plan!

Markets change all the time. New fundamental drivers emerge, technical setups mature or fail and our trading plan must adjust in order to keep up with the ever changing environment. Every week we highlight some of the trade ideas that are generated within our client community so that you can stay on top of what we're looking out for and planning to trade at the beginning of each week. 

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