EOH trading plan 18/06/2020

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EOH still showering similar patterns in the horizontal trend. Very strong opens and retracing during the day. It’s fair to expect another strong open in either direction. If we get a positive open, will implement a partial exit in the R 6,60 - R 6,70 zone anticipating further drop to around R 6,40 or less. This will reduce our risk exposure and give us an opportunity to buy back in should a drop in share price occur the day after. If we open at a drop in share price, we have a buy in opportunity at the R 5,40 to R5,60 zone. If share price recovers during the day we can recover pieces of profit lost during last weeks drop from R 7.00.

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