Bullish potential detected for QUBDetected 17-May (detailed commentary and full scan results available in the signature below). Not activated as at time of review of 17-May.
ASX:QUB 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 $3.68 of 15th May (most conservative entry), or
(ii) swing up of indicators such as DMI/RSI along with a test of prior level of $3.62 from 9th May.
Stop loss for the trade (based upon the Darvas box formation) would be:
(i) below the support level from the low of 17th May (i.e.: below $3.52).