Bullish potential detected for SFR

Detected 19-Apr (detailed commentary and full scan results available in the signature below). Not activated as at time of review of 19-Apr.

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

Entry conditions:
(i) breach of the upper confines of the Darvas box formation - i.e.: above high of $9.28 of 9th April (most conservative entry), or
(ii) swing up of indicators such as DMI/RSI along with a test of prior level of $9.09 from 4th April.

Stop loss for the trade (based upon the Darvas box formation) would be:
(i) below the support level from the low of 11th April (i.e.: below $8.61).

Trade active:

UPDATE (week ending 26-Apr): Trade activated a couple of times during the week on both 22-Apr and 26-Apr (breaching the top of the Darvas box) whilst bouncing off the 30 day moving average mid-week and potentially utilising the long-term level of $9.12 established back on 13-Jun-2018 as a possible support level towards the end of the week.