Potential outside week and bullish potential for DXSEntry conditions:
(i) higher share price for ASX:DXS above the level of the potential outside week noted on 4th October (i.e.: above the level of $7.84).
Stop loss for the trade would be:
(i) below the swing low of 1st October (i.e.: below $7.50), should the trade activate.
DXS trade ideas
DXS sine pattern in a rangeDXS has been ranging since march drop off. Formed a near perfect sine pattern. Looking for a slight flattening off/pullback over next week for a good entry before targeting $10. Alternatively enter now with tight stop at 9.36. For educational purposes only. Do you own research
DXS - Bullish Trade PlanI have a Bullish Trade Bias for DXS because the trendline Support has held very well and price has bounced off strongly with High Volume. MACD is also bullish which supports my trade idea. I think we will see DXS move higher in the next few days.
TP1 ~ $9.45 (potential 6%)
TP2 - $9.80 (potential 10%)
Stoploss - $8.30
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.