Re-visiting Barloworld - Range Trading Opportunity

6 Mar 2019

Recently, traders who participated in the BAW trade benefited from the sharp run-up in the share with the price which made an explosive move from 11803c to 13536c - a 14.6% appreciation over three trading sessions. While the same result may not be achieved, I believe a short term range still exists between sub-12250c (buy) and 12900c (sell). Here a stop-loss of 11990c (or 2% trailing) can be applied.