Ivory_Wolf

Bearish potential detected for BXB

Short
Ivory_Wolf Updated   
ASX:BXB   BRAMBLES LIMITED
Detected in the latest scan for the week ended 03-Nov (detailed commentary and full scan results available in the signature below), BXB represents a potential bearish opportunity should momentum continue and newer lows be made past the current position. As described, await for indicators to turn bearish for confirmation. Depending on risk tolerance, stop loss for the trade would be the resistance from 27th October (i.e.: $13.66).
Comment:
Apologies for the delayed publishing of these details - it's been a hectic week - don't forget that the weekly videos (details in the footnote) also contain a lot of these details/updates for the ASX trades in case of delays.

In saying that, as discussed in the latest weekly update for the week ending 10th November, the initial trade suggestion had not activated - new potential short opportunity off resistance of $13.89 is a possibility should indicators turn bearish for confirmation as per previous note.
Trade active:
Apologies for the delayed publishing of these details - another hectic week - don't forget that the weekly videos (details in the footnote) also contain a lot of these details/updates for the ASX trades in case of delays.

In saying that, as discussed in the latest weekly update for the week ending 17th November, the latter short trade suggestion for BXB activated - refer to the video further details.
Trade active:
Further update provided in the latest weekly video update for the week ended 24-Nov.
Trade closed manually:
As noted in the latest weekly video update for the week ended 01-Dec, share price now above 10 and 30 day MA's - caution warranted, considering RSI is now above 50
(remove from watchlist).

View latest weekly video updates:
- www.youtube.com/watch?v=DSRm9KqVd4I (Stocks and bonds - latest scans timestamped in comments)
- www.youtube.com/watch?v=SD0-eMmuta0 (Crypto review)

Like & subscribe for the latest!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.