Ivory_Wolf

Bullish potential detected for PDI

Long
Ivory_Wolf Updated   
ASX:PDI   PREDICTIVE DISCOVERY LIMITED
As noted in the latest video update for week ended 20-Oct, detected in the latest scan for the week (detailed commentary and full scan results available in the signature below), PDI represents a potential bullish opportunity should momentum continue and newer highs be made past the current position - observe the overhead resistance of $0.235 from May 2022, which would need to be cleared before further advances in share price can occur. Depending on risk tolerance, stop loss for the trade would be the low of the recent swing (i.e.: below the low of $0.18 from 4th October) or beneath the prior support level of 3rd August (i.e.: $0.16).
Trade active:
As described in the weekly video update for the week ended 27-Oct, this potential trade was still viable should resistance be overcome (resistance had not been overcome in the prior week). Trade activated on 30-Oct.
Trade active:
Further update provided in the latest weekly video update
Trade active:
Apologies for the delayed publishing of these details - it's been a hectic week - don't forget that the weekly videos (details in the footnote) also contain a lot of these details/updates for the ASX trades in case of delays.

In saying that, as discussed in the latest weekly update for the week ending 10th November, share price was below 10 and 30 day MA's at the end of trading week as at 10-Nov - caution warranted, considering support levels of $0.195 from 16-Oct and $0.185 from 04-Oct still respected (depending on risk tolerance).
Trade active:
Apologies for the delayed publishing of these details - another hectic week - don't forget that the weekly videos (details in the footnote) also contain a lot of these details/updates for the ASX trades in case of delays.

In saying that, as discussed in the latest weekly update for the week ending 17th November, share price was back above 10 and 30 day MA's at the end of trading week as at 17-Nov - caution still warranted, considering raising stop loss to under swing level of $0.20 from 14-Nov considering support levels of $0.195 from 16-Oct and $0.185 from 04-Oct still respected (depending on risk tolerance).
Trade active:
Further update provided in the latest weekly video update for the week ended 24-Nov, with specific mention that the share price is now actively testing resistance areas once again.
Trade active:
Further update provided in the latest weekly video update for the week ended 01-Dec.
Trade active:
Further update provided in the latest weekly video update for the week ended 08-Dec.
Trade closed manually:
As noted in the latest weekly video update for the week ended 15-Dec, share price once again below 10 and 30 day MA's - momentum indicators have also turned downwards - suggest to close out position and preserve capital with respect of resistance (remove from watchlist).

View latest weekly video updates:
- www.youtube.com/watch?v=DSRm9KqVd4I (Stocks and bonds - latest scans timestamped in comments)
- www.youtube.com/watch?v=SD0-eMmuta0 (Crypto review)

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