Bearish potential detected for WEBEntry conditions:
(i) lower share price for ASX:WEB along with swing of DMI indicator towards bearishness and RSI downwards, and
(ii) observing market reaction around the share price of $4.54 (open of 26th June).
Stop loss for the trade would be:
(i) above the declining 50 day moving average (currently $4.70), or
(ii) above the low of the candle on 24th July prior to the gap-down prior to the close below the 200 day moving average (i.e. just above $4.78), or
(iii) above the recent swing high on 23rd July (i.e.: above $4.93), depending on risk tolerance.
