First profit target reached – 50% of position closed

Brad Holland

Brad has over 20 years experience in the Australian and US equities and options markets. Brad specialises in equities and options for capital growth, income generation and capital protection. He also specialises in finding opportunities in small to medium cap stocks. Brad holds RG146 - Securities & Managed Investments and Accredited Derivatives Adviser Level 2 qualifications.

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December 23, 2021

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ACL.AX | High Conviction Report

In early trading today the ACL share price reached an all-time high of $6.10.

The first profit target to sell 50% of the high conviction’s reports position being 1,000 shares at $5.95 was reached. As a result, we sold 1,000 shares locking in a nice profit on part of the position.

Given the move higher in the share price we will once again adjust the stop loss level. We have adjusted the stop loss level higher by $0.10 to $4.50. This increase in the stop loss means should the share price fall back on the second half of the position will be exited for a small profit.

Trade Action

Current position 1,000 shares purchased at $4.40

Stop loss: – Increased by $0.10 to $4.50

Profit Target: $6.75 remains the same

This is general advice only. MF & Co Asset Management has not considered your personal financial needs, objectives or current situation. This information is not an offer, solicitation, or a recommendation for any financial product unless expressly stated. You should seek professional investment advice before making any investment decision.