Sunday, August 18, 2019

CFVF - Gap Fill will take place, but need to breakout of 54/40 with volumes

CFVF came up with a valuable dividend of 4/= per share. The day after the Div the price gapped from 53/= to 50/=. This gap was tested on the 16th. If the gap is filled and test 53/= once again it will be short term bullish. However a close above 54/40 which is the present high with volumes needs to take place. Hence you need to have your stop loss in place, and prepare to close the trade. Here too you have stories and rumours. One needs to understand that these stories only warrants trading until the event has happened. Till then there can be a lot of volatility. As such be humble enough to have Buy, Sell and Stop rules.


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