Balanced Portfolio Recommendation: Take profit Graincorp (GNC)
Date: 20/5/2024
*** GENERAL AVICE ONLY***
GrainCorp (GNC) is an integrated grain and edible oils business with a market presence in the grain storage and handling business in ECA and an edible oil processor and oilseed crusher in Australia and New Zealand
*** Trade Plan ***
The trade in Graincorp has worked in our favor and has now hit the highs of the technical. We are going to take profit on the trade.
Total Portfolio Allocation: Take Profit on 3% of GNC
Entry: $7.2 | Exit: $8.75 | Profit: 21.5%
Disclaimer: The recommendation given is general advice only. It does not take into account your personal objectives, financial situation, or specific needs. This information should not be your sole resource when making such decisions. We strongly recommend you to seek the advice of financial, taxation, and legal professionals before finalising any investment decisions.