BARLOWORLD LTDPanjang
Go long Barloworld Ltd
BAW is currently trading at a tantalizing level for a long trade.The R128.00 acted as strong resistance for the first 2 months of this year and it would seem as if it recently held up as good support and it is trading at this level once again.
On the moving average front, the short-term EMA has crossed above the long-term EMA. The medium-term EMA is well on its way to do the same.
The Slow Stochastic is indicating that the stock is currently oversold and the MACD, although looking somewhat bearish, is still in bullish territory.
Action: Place a Limit Order to go LONG with your Limit Price set to R128.00. Set your Stop Loss to R119.00 and your Take Profits to R140.00 and/or R150.00.
Penafian
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