Bullish potential detected for LYC

Detected 12-Apr (detailed commentary and full scan results available in the signature below). Not activated as at time of review of 12-Apr.

LYC represents a potential bullish opportunity should momentum continue and newer highs be made. Trade is further supported by a prior support level of $6.03 established previously on 24-Oct.

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 11th April (i.e.: below $5.82), or
(i) below the support level from the low of 20th March (i.e.: below $5.70), or
(i) below the support level from the low of 27th March (i.e.: below $5.49), depending on risk tolerance.

Trade active:

UPDATE (week ending 19-Apr): Interesting afternoon activity noted intraday with test of support observed on 16-Apr - trade activated. Suggested stop loss to be raised to just below the gap-up on 17-Apr (i.e.: below the low of $6.28).

Trade closed manually:

UPDATE (week ending 26-Apr): Failure of gap-up of 17-Apr, considering the close beneath the low of the candle of that gap-up noted on 26-Apr (suggested close-out - remove from watchlist)