Bullish potential detected for DXS

Oct 19

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

Stop loss for the trade would be:
(i) below the support level from the open of 2nd December 2024 (i.e.: below $7.30), or
(ii) below the support level from the open of 12th August 2024 (i.e.: below $7.16), or
(ii) below the recent swing lows of 25th September (i.e.: below $7.11), depending on risk tolerance.

Oct 25

Trade active

UPDATE (week ending 24-Oct): Trade activated on Monday 20th October and strengthened into a firm positive bullish trend on the Thursday of the week. Share price closed well above both 10 and 30 day MA's at the end of the week, tackling long term resistances at the same time - both the resistance from 10th September 2024 ($7.59) and 13th September ($7.65). Consider taking a small "piece off the table" and should this second long term resistance be overcome, consider raising profitable stops aggressively to an area below the first long term resistance (i.e.: beneath $7.59 to an area such as $7.49, which is also beneath $7.52, which is the prior potential resistance (now support) from the opens of 20th August and 21st October). This trade is now considered a 'further bullish potential trade'.

Nov 1

Trade closed: stop reached

UPDATE (week ending 31-Oct): Confirmation of the true nature of these markets at the moment - a good idea to take small pieces "off the table" and raising profitable stops when you get the opportunity (see note from last week) when you get price action such as what was seen on the 30th October, which then took out the stop that was suggested in last week's note by the charts. Congratulations on a great trade!