Potential outside week and bullish potential for RWC

Entry conditions:
(i) higher share price for above the level of the potential outside week noted on 25th/26th June (i.e.: above the level of $3.91).

Stop loss for the trade would be:
(i) below the low of the outside week on 23rd June (i.e.: below $3.46), should the trade activate.

Trade attivo

UPDATE (week ending 03-Jul): Trade activated on Tuesday 30th June, albeit on low volume, with share price bouncing off short-term moving averages towards the end of the trading week.

Nota

UPDATE (week ending 10-Jul): Lower highs and lower lows formed on the daily chart respecting the short-term moving averages to the downside. Share price is currently still respecting the 200 day moving average to the upside for anyone wishing to remain in the trade.

Nota

UPDATE (week ending 17-Jul): Share price continues to respect the 200 day moving average at the present time, now also respecting the short term moving averages of the 8 and 15 day EMA's to the upside. Caution still warranted - consider raising protective stops to a level beneath the recent swing lows to minimise risk.

Trade chiuso: stop raggiunto

UPDATE (week ending 24-Jul): Caution noted in last week's comment was certainly warranted, with recent swing lows violated on the daily chart in this past week's trade - protective stop triggered and trade closed out.

Ivory_Wolf

Join the socials here:

ivorywolf.start.page/ (Facebook / Telegram / YouTube)

Like/join/subscribe for the latest stock/crypto coverage!
...

Anche su:

Declinazione di responsabilità

Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.

Ivory_Wolf

Join the socials here:

ivorywolf.start.page/ (Facebook / Telegram / YouTube)

Like/join/subscribe for the latest stock/crypto coverage!
...

Anche su: