Detected 12-Apr (detailed commentary and full scan results available in the signature below). Not activated as at time of review of 12-Apr.
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).
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).
Trade active:
UPDATE (Week ending 19-Apr): Entry condition for aggressive entry involving swing up of indicators (DMI/RSI) along with a test of prior level of $5.26 from 6th March occurred on 19th April.
Trade closed manually:
UPDATE (week ending 26-Apr): Stop loss below the base of the Darvas box (i.e.: $5.07) hit on 23-Apr prior to further falls in share price (remove from watchlist).
Detailed commentary about this trade available here:
- www.youtube.com/watch?v=9M3D2og5xKs (Stocks and bonds - latest scans timestamped in comments)
- www.youtube.com/watch?v=_fG2hyV0Cd8 (Crypto review)
Like/subscribe for the latest!
- www.youtube.com/watch?v=9M3D2og5xKs (Stocks and bonds - latest scans timestamped in comments)
- www.youtube.com/watch?v=_fG2hyV0Cd8 (Crypto review)
Like/subscribe for the latest!