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Trade Update: Grindrod Shopping

April 16, 2024
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Josh Viljoen
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Josh Viljoen

Update on the long trade idea posted for Grindrod Shipping

 

Last month I posted a trade idea for my premium FinMeUp subscribers on Grindrod Shipping. Grindrod Shipping trades on the JSE under the ticker GSH and is currently trading at R31.30 a share.

 

The trade idea posted contained a detailed technical analysis as well as entry and exit prices. Currently, the trade is running smoothly and the share price is up 18% since the trade idea was posted. At this stage, I would move my stop loss to break even and let the trade run risk-free.

 

My target price has remained unchanged at the previous highs above R42 a share. 


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