We were stopped out of Elders last Friday but Mondays reversal higher is affording us another chance to get some decent risk/reward from the stock, even if we have to pay more to re-enter – we must always remember that egos add no value to either investing or trading!
- We are bullish towards Elders looking for a test of $7.75, or +20% in the coming months.
Trade Idea: Buy Elders Ltd (ELD) using a limit of $6.25, with stops at $5.88, around 6% risk.
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