Bullish potential detected for CMMDetected 12-Apr (detailed commentary and full scan results available in the signature below). Not activated as at time of review of 12-Apr.
ASX:CMM represents a potential bullish opportunity should momentum continue and newer highs be made past the current position.
Entry conditions:
(i) breach of the upper confines of the Darvas box formation - i.e.: above high of $5.55 of 4th April (most conservative entry), or
(ii) swing up of indicators such as DMI/RSI along with a test of prior level of $5.26 from 6th March.
Stop loss for the trade (based upon the Darvas box formation) would be:
(i) below the support level from the low of 5th April (i.e.: below $5.08).