CKF pushing into resistance so time for a partial exit to lock in gains

Trade Management

Current Open Alert

 

CKF – Collins Foods Limited

Stock : CKF – Collins Foods Limited

Current Price : 6.20

Previous Buy Entry (Trigger Level) : 5.86

New Sell Exit Zone (Stop Loss) : 5.90

New 50% Partial Exit (Target) : 6.25

Status : On watch for partial exit and continuation

CKF is on the move into resistance at 6.30 zone so we are now happy to take a partial exit and lock in some gains at 6.25. Price action is still looking very strong but is stretched into resistance. We are now raising the risk to 5.90 and will watch the action play out.

 

ORIGINAL ALERT 20/7/17

Stock : CKF – Collins Foods Limited

Current Price : 5.76

New Buy Entry (Trigger Level) : 5.86

Potential Sell Exit Zone (Stop Loss) : 5.50

Status : On Watch for trigger level

CKF is looking good as price hold a potential higher low around 5.60. We see that price has recently pushed up out of contraction so are happy to buy at 5.86on evidence that buyers are stepping in. Risk is held at 5.50 but if this level trades prior to entry, we will the re-assess that price action.