Potential outside week and bullish potential for PBH
Updated
Entry conditions:
(i) higher share price for
PBH above the level of the potential outside week noted on 20th December (i.e.: above the level of $1.045).
Stop loss for the trade would be:
(i) below the low of the outside week on 16th December (i.e.: below $0.925), should the trade activate.
(i) higher share price for
PBH above the level of the potential outside week noted on 20th December (i.e.: above the level of $1.045).Stop loss for the trade would be:
(i) below the low of the outside week on 16th December (i.e.: below $0.925), should the trade activate.
Note
UPDATE (week ending 27-Dec): Shortened trading week resulted in lacklustre trade within the trading range that didn't activate above the range of the outside week noted above. No action and wait. Aggressive traders may be willing to enter the trade above the high of this 'inside week' that has formed this week (i.e.: above $1.04) should trade above this level occur next week.Note
UPDATE (week ending 03-Jan): Another shortened trading week, another lacklustre trading period, another inside week following the outside week from a couple of weeks ago. Trade still viable, no action and wait. Aggressive traders may be willing to enter the trade above the high of this 'inside week' that has formed this week (i.e.: above $1.03) should trade above this level occur next week.Order cancelled
UPDATE (week ending 10-Jan): Only for the brave and risk tolerant now - market makers have done a great job dragging the share price down on this one. If you can stomach the risk and are willing to place your stakes, go for it. Bounce off bottom of range of outside week ($0.925) appears promising, however volume is nowhere to be seen. Observe if any follow-through to Friday's action comes through. Coverage ceased.
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