Entry conditions:
(i) lower share price for
PDN along with swing of DMI indicator towards bearishness and RSI downwards, and
(ii) close below the 50 day moving average (currently $5.91), and
(iii) observing market reaction around the share price of $5.72 (open of 28th March).
Stop loss for the trade would be:
(i) above the high of the recent swing high once the trade is activated (currently $6.35 from the high of 2nd May).
(i) lower share price for
PDN along with swing of DMI indicator towards bearishness and RSI downwards, and (ii) close below the 50 day moving average (currently $5.91), and
(iii) observing market reaction around the share price of $5.72 (open of 28th March).
Stop loss for the trade would be:
(i) above the high of the recent swing high once the trade is activated (currently $6.35 from the high of 2nd May).
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.
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.