Bullish potential detected for JMS

Detected 10-May (detailed commentary and full scan results available in the signature below). Not activated as at time of review of 10-May.

JMS represents a potential bullish opportunity should momentum continue and newer highs be made.

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

Stop loss for the trade would be:
(i) below the support level from the low of 30th April (i.e.: below $0.31), or
(i) below the support level from the low of 6th May (i.e.: below $0.285), or
(i) below the support level from the low of 16th April (i.e.: below $0.27), depending on risk tolerance.

Trade active:

UPDATE (week ending 17-May): Trade activated on 13th May and then maintained itself throughout the week, with the share price closing above both 10 and 30 day moving averages at the end of the week. Consider raising the stop loss for the trade to just beneath the gap-up on 13th May in order to keep the trade to a scratch in the event that the trade completely turns around unexpectedly.