Trade Update: Grindrod Shopping

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.