Potential outside week and bullish potential for BC8

Detected 10-May (detailed commentary and full scan results available in the signature below). Not activated as at time of review of 10-May.

BC8 represents a potential bullish opportunity should momentum continue and newer highs be made. Trade is further supported by a volume spike noted on 09-May.

Entry conditions:
(i) higher share price above the level of the potential outside week noted on 10-May.

Stop loss for the trade would be:
(i) below the swing low of 6th May (i.e.: below $0.255), once trade activated.

Trade active:

UPDATE (week ending 17-May): Trade activated on 13th May which confirmed the outside week on the weekly chart with respect to swing trading. Trade performed well throughout the week, with the share price closing above both 10 and 30 day moving averages at the end of the week. Consider raising the stop loss for the trade to just beneath the gap-up on 13th May in order to keep the trade to a scratch in the event that the trade completely turns around unexpectedly.