Bullish potential detected for SFRDetected 19-Apr (detailed commentary and full scan results available in the signature below). Not activated as at time of review of 19-Apr.
ASX:SFR represents a potential bullish opportunity should momentum continue and newer highs be made.
Entry conditions:
(i) breach of the upper confines of the Darvas box formation - i.e.: above high of $9.28 of 9th April (most conservative entry), or
(ii) swing up of indicators such as DMI/RSI along with a test of prior level of $9.09 from 4th April.
Stop loss for the trade (based upon the Darvas box formation) would be:
(i) below the support level from the low of 11th April (i.e.: below $8.61).