Faded the gap up and entered when closed below declining 10EMA with MACD confirmation with SL at 49.50 HOD.

Scaled 50% at 39.20 & another at 50% at 39. Left runner on and moved SL to break even.

Catalyst:

Results on 14/04/2026 showed net margins cut in half from 1.8% to 0.9% in a low margin business.

Gross margins and vehicle profit per unit are declining.

This is a low-margin business getting worse, not better.