TRIM (take profit) - Judo Holdings (JDO)
*** GENERAL AVICE ONLY***
Date: 21/12/2023
Recommendation
Trim Half of Judo Capital Holdings (JDO)
Entry price: $0.85 (14/12/2023)
TRIM: >$0.95 (+12%)
For remaining half
NEW Target Price: $1.15 (+35%)
Stop Loss: $0.85 (-10% trailing stop)
Rationale:
A quick 10% rally in just 6 session may see JDO run out of steam around $1
There are no imminent company announcements to trigger a catalyst for a significant jump from here.
We think it is prudent to bank a 10-15% profit on half and either re-enter under 90c or continue running the 10% trailing stop
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.