Bullish potential detected for SLRDetected 30-Apr (detailed commentary and full scan results available in the signature below - will be covered in next commentary). Not activated as at time of review of 30-Apr.
ASX:SLR 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 $1.49 of 19th April (most conservative entry), or
(ii) swing up of indicators such as DMI/RSI along with a test of prior level of $1.465 from 22nd April.
Stop loss for the trade (based upon the Darvas box formation) would be:
(i) below the support level from the low of 23rd April (i.e.: below $1.33).
