Entry conditions:
(i) higher share price for
BOE along with swing up of indicators such as DMI/RSI (gap continuation play).
Depending on risk tolerance, the stop loss for the trade would be:
(i) below the previous potential support of $1.81 from the open of 29th October, or
(ii) below the low of the recent swing low of $1.775 of 29th October.
(i) higher share price for
BOE along with swing up of indicators such as DMI/RSI (gap continuation play).Depending on risk tolerance, the stop loss for the trade would be:
(i) below the previous potential support of $1.81 from the open of 29th October, or
(ii) below the low of the recent swing low of $1.775 of 29th October.
Trade closed: stop reached
UPDATE (week ending 07-Nov): Trade activated as per entry conditions on Monday 3rd November, however the market forces didn't like this stock (and thus, the trade) at all throughout the week. Unfortunate, but such is the nature of trading - fortunately, the stops set within the trade setup would've prevented further disastrous losses.
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Disclaimer
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