Potential outside week and bullish potential for EDV

Jul 5

Entry conditions:
(i) higher share price for EDV above the level of the potential outside week noted on 2nd July (i.e.: above the level of $3.43).

Stop loss for the trade would be:
(i) below the low of the outside week on 1st July (i.e.: below $3.19), should the trade activate.

Jul 10

Trade active

UPDATE (week ending 10-Jul): Trade activated on 9th/10th July, with the share price closing above the yearly VWAP at the end of the trading week. Aggressive traders/investors may wish to consider raising protective stops to a level beneath the rising 15 day EMA (currently $3.35).

Jul 17

Note

UPDATE (week ending 17-Jul): Share price continues to respect the quarterly VWAP and 15 day EMA to the upside. Aggressive traders/investors may wish to consider raising protective/profitable stops to a level beneath the recent swing low of 15th July (i.e.: below the level of $3.39).

Jul 25

Trade closed: stop reached

UPDATE (week ending 24-Jul): Protective/profitable stops triggered early in the week, which indicates a change in trend for the stock, with the share price trading below VWAPs and most major moving averages.