Merchants Trust PLC (LSE: MRCH)

MerchantsA trade only, rather than an investment, but you might be interested. If you can buy MRCH for £5.00, you will be looking at selling between £5.20 and £5.25. Its a small gain and you have to decide if its viable after costs; and you would need to be sharp with the buy and the sell. I will only accept a trade that has at least twice the potential reward to risk.

This share would have been a good investment if bought several months ago because the highs were climbing. However, as with many shares at the moment, the highs are reducing, or are lower than previous highs. If we see this across many shares – as I am at the moment – then it gives us an early indication that the market is levelling.

Published by Day Trader

I flew fast jets for 30 years of my life. I've traded full-time, more or less, for the last ten years, initially from fundamentals and over the last few years as a dedicated day trader. I live on the North Norfolk coast.

Leave a comment

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: