Entry conditions:
(i) higher share price for
WPR along with swing up of indicators such as DMI/RSI.
Stop loss for the trade would be:
(i) a close below the 200 day moving average (currently $2.49), or
(ii) a close below the 50 day moving average (currently $2.42), or
(ii) below the support level from the open of 2nd January (i.e.: below $2.34), depending on risk tolerance.
(i) higher share price for
WPR along with swing up of indicators such as DMI/RSI.Stop loss for the trade would be:
(i) a close below the 200 day moving average (currently $2.49), or
(ii) a close below the 50 day moving average (currently $2.42), or
(ii) below the support level from the open of 2nd January (i.e.: below $2.34), depending on risk tolerance.
Trade active
UPDATE (week ending 24-Apr): Detected initially during the scans at the end of the week ending 17-Apr, this trade activated on Wednesday 23rd April, but the share price gapped up quickly at market open, which always induces caution in mind at the first instance for new trades. Rightly so, in this case, as can be seen in the initial price action that day with the red spinning top candle, however the next day's action proved more stabilising, which allowed a more relaxed trade entry after further respect of the 200 day MA was proven in the share price (the full basis of the trade overall - notice how the share price has fully respected the 200 day MA to the downside for the entirety of December before closing above the 200 day MA each day since 16th April).Note
UPDATE (week ending 02-May): A good trading week sees the share price of WPR rise to allow raising of the stop to a protective stop on the basis of a prior resistance area of $2.52 from the open of 20th November 2024, which aligns well with the daily chart (beneath the recent swing low formed on 30th April). This trade is now moved to a 'further bullish potential' trade.
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.