Bank of Queensland Limited
Long
Updated

Bullish potential detected for BOQ

173
Entry conditions:
(i) higher share price for BOQ along with swing up of indicators such as DMI/RSI.

Depending on risk tolerance, the stop loss for the trade would be:
(i) a close below the 50 day moving average (currently $7.83), or
(ii) below previous swing low of $7.69 from the low of 23rd June, or
(iii) below previous support of $7.60 from the open of 12th May.
Order cancelled
UPDATE (week ending 25-Jul): Share price failed to activate as a long trade according to the entry conditions and fell below suggested stop losses throughout the week - thus removed as a potential trade and completely abandoned.

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