Entry conditions:
(i) higher share price for
CXO above the level of the potential outside week noted on 27th June (i.e.: above the level of $0.1025).
Stop loss for the trade would be:
(i) below the low of the outside week on 20th June (i.e.: below $0.083), should the trade activate.
(i) higher share price for
CXO above the level of the potential outside week noted on 27th June (i.e.: above the level of $0.1025).Stop loss for the trade would be:
(i) below the low of the outside week on 20th June (i.e.: below $0.083), should the trade activate.
Trade active
UPDATE (week ending 04-Jul): Trade activated on 1st July, with the share price continuing above both 10 and 30 day MA's throughout the trading week. Important to note that there's a fair amount of congestion to work through from October 2024 on the daily chart - consider keeping the stop tight towards breakeven or beneath entry point at an area around $0.094 if risk tolerance is low, now that the trade has activated and moved up a reasonable amount.
Detailed commentary/updates about trades (stocks, crypto & bonds) available:
youtube.com/channel/UCiJZV2iT6PJx1ydVaS0JzTw (scan results timestamped in comments)
t.me/ASXTradersUnited
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youtube.com/channel/UCiJZV2iT6PJx1ydVaS0JzTw (scan results timestamped in comments)
t.me/ASXTradersUnited
Like/join/subscribe for the latest!
...
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Detailed commentary/updates about trades (stocks, crypto & bonds) available:
youtube.com/channel/UCiJZV2iT6PJx1ydVaS0JzTw (scan results timestamped in comments)
t.me/ASXTradersUnited
Like/join/subscribe for the latest!
...
youtube.com/channel/UCiJZV2iT6PJx1ydVaS0JzTw (scan results timestamped in comments)
t.me/ASXTradersUnited
Like/join/subscribe for the latest!
...
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.