Navitas (NVT.ASX) was recommended as a buy on the 15th August with an entry level at $5.00. The stock has rallied 5% plus, in a back drop of a relatively flat market.
Shift the stop loss to the entry level as a way of protecting capital. Hold the long position open with a target exit price of $5.40.
Author: Leon Hinde
Leon has been working in the financial services industry for 18 years in management and advisory roles. Leon has extensive experience in general advice and dealings involving securities and derivative financial products.
PS 146 Securities & Derivatives, ADA 1 & 2 accreditation, Responsible Manager Certificate. Leon is authorised to provide financial product advice and deal with respect to the following financial products:
· Deposit Products
· Interest in managed investment schemes; and
· Government debentures, bonds and stocks