Grindrod - Tight Range With Above Average Volume

14 May 2021

On this Friday afternoon, GND has caught my attention as it attempts to break to the upside of a tight range, with above average volume. At current levels, it looks like the early stages of a short term directional shift. I have no position, but if you're looking at a SMALL speculative trade, these are the levels:

Current: 470c
Stop: 445c
Target Range: 515c-525c