Bullish potential detected for AX1 (reversal of bear Darvas box)

Entry conditions:
(i) higher share price for through Darvas bearish stop of $0.97 along with swing up of indicators such as DMI/RSI.

Stop loss for the trade would be below the prior swing low of $0.89 from 18th December.

Nota

UPDATE (week ending 02-Jan): Lack of trade activation at this point (remains in 'watch and see' mode at present), although aggressive traders may see this as a value proposition without the momentum traders backing it up right now. Observe market reaction at the area of interest noted in the entry conditions above.

Nota

UPDATE (week ending 09-Jan): Trade remains inactivated at this point, with aggressive traders still potentially seeing the set-up as a value proposition without momentum traders backing it up right now. Observe market reaction at the area of interest noted in the entry conditions above.

Orden cancelada

UPDATE (week ending 16-Jan): Continual lack of trade activation shows market inattention to this particular stock - potential trade now abandoned. Feel free to set an alert for the level of interest at $0.97 and observe market reaction at that point.

Ivory_Wolf

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Ivory_Wolf

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