Potential outside week and bullish potential for CQR

Entry conditions:
(i) higher share price for above the level of the potential outside week noted on 6th June (i.e.: above the level of $4.10).

Stop loss for the trade would be:
(i) below the low of the outside week on 2nd June (i.e.: below $3.91), should the trade activate.

Trade active

UPDATE (week ending 13-Jun): Trade activated on 10th and 11th June with decent volume, with share price closing above both 10 and 30 day MA's at the end of the trading week.

Trade closed manually

UPDATE (week ending 20-Jun): A week of consolidatory action in share price leaves this stock in a limbo state just prior to a dividend payment upcoming on 27th June (12.4 cents per share) - this dividend will more than likely be reflected in (deducted from) the share price, which would force the share price below the stop loss level of the trade (unless a remarkable share price appreciation occurs early in the week). Watch and observe price action early in the week and assess benefit-risk of the position in accordance with your portfolio appropriately. Coverage ceased.

Ivory_Wolf

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Ivory_Wolf

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