Potential outside week and bullish potential for FENY

Nov 11

Entry conditions:
(i) higher share price for FENY above the level of the potential outside week noted on 7th November (i.e.: above the level of $24.82).

Stop loss for the trade would be:
(i) below the low of the outside week on 4th November (i.e.: below $23.98), should the trade activate.

Nov 11

Trade active

UPDATE (10-Nov): Trade activated on Monday 10th November with share price meeting entry conditions noted above.

7 days ago

Note

UPDATE (week ending 14-Nov): Share price consolidated above the 4 hourly support/resistance line of $25.42 to settle at $25.43 at the end of the trading week. Consider raising protective stop to an area just beneath the 4 hourly support/resistance line of $24.75, preferably beneath the candle that tested this line (i.e.: beneath $24.56).

12 hours ago

Trade closed: stop reached

UPDATE (week ending 21-Nov): Stop triggered, which shows the extreme weakness in the sector that is being experienced at the present time.