Potential outside week and bearish potential for CQE

Entry conditions:
(i) lower share price for
CQE below the level of the potential outside week noted on 4th/5th December (i.e.: below the level of $3.01).
Stop loss for the trade would be:
(i) above the high of the outside week on 3rd December (i.e.: above $3.18), should the trade activate.
(i) lower share price for
Stop loss for the trade would be:
(i) above the high of the outside week on 3rd December (i.e.: above $3.18), should the trade activate.
Trade active
UPDATE (week ending 12-Dec): Trade activated on Monday 8th December in accordance with the entry conditions and the share price drifted sideways for the remainder of the trading week. Observe the market reaction should the share price breach the high formed by the swing on the 9th December (i.e.: $3.06), which may provide indications as to whether the trend is turning.Trade closed: stop reached
UPDATE (week ending 19-Dec): Protective stop discussed in last week's note triggered on Thursday 18th December, which would've prevented further losses incurred later in the week. Let's look for the next trade.Join the socials here:
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Join the socials here:
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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.