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Outsideweek

Bullish potential detected for SGP (and potential outside week)Entry conditions: (i) breach of the upper confines of the Darvas box formation for ASX:SGP - i.e.: above high of $6.48 of 26th August (most conservative entry), and (ii) swing up of indicators such as DMI/RSI. NOTE: A potential outside week also exists for this trade - if preferred, await for trade above the high of the week ending 17th October (i.e.: above $6.56) for further confirmation. Stop loss for the trade (based upon the Darvas box formation) would be: (i) below the support level from the low of 26th September (i.e.: below $6.03).
ASX:SGPLong
by Ivory_Wolf
Potential outside week and bullish potential for SHGEntry conditions: (i) higher share price for ASX:SHG above the level of the potential outside week noted on 29th August (i.e.: above the level of $0.355). NOTE: Be wary of the market reaction on Monday, 1st September since the annual report was released after market hours on Friday, 29th August - don't chase the market if there is a severe gap up. Stop loss for the trade would be: (i) below the low of the outside week on 25th August (i.e.: below $0.305), should the trade activate.
ASX:SHGLong
by Ivory_Wolf