Bullish potential detected for AIZ
Entry conditions:
(i) higher share price for
AIZ along with swing up of indicators such as DMI/RSI.
Stop loss for the trade would be:
(i) below the support level from the open of 29th November (i.e.: below $0.51), or
(ii) below the support level from the open of 7th November (i.e.: below $0.49), depending on risk tolerance.
(i) higher share price for
AIZ along with swing up of indicators such as DMI/RSI.Stop loss for the trade would be:
(i) below the support level from the open of 29th November (i.e.: below $0.51), or
(ii) below the support level from the open of 7th November (i.e.: below $0.49), depending on risk tolerance.
Note
UPDATE (week ending 24-Jan): Trade not activated as yet - watch and wait at this stage...Trade active
UPDATE (week ending 31-Jan): Trade activated 29th January - share price closed above both 10 and 30 day MA's at the end of the trading week. Be mindful of prior support/resistance area of $0.60 formed from the open of 4th January 2024 which could pose some issues for price rises on the ascent.Note
UPDATE (week ending 07-Feb): An uneventful week of share price action this week for AIZ. Continue to be mindful of the support/resistance area of $0.60 noted in last week's comment.Note
UPDATE (week ending 14-Feb): Another uneventful week of share price action this week for AIZ. Continue to be mindful of the support/resistance area of $0.60 noted in last week's comment and also note that 2025 interim results will be released for AIZ on 20th February, so be mindful of positions prior to this date if risk averse.Trade closed manually
UPDATE (week ending 21-Feb): For those traders/investors who remain in the trade, 2025 interim results released on Thursday were also completely uneventful, with the share price remaining 'in limbo' between the 10 and 30 day MA's at the end of the trading week. With the share price performance remaining rather flat and neutral and the trade now approaching one month duration, coverage will now be ceased with charts suggesting to consider thanking the market and taking a small profit for this trade.
Detailed commentary/updates about trades (stocks, crypto & bonds) available:
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youtube.com/channel/UCiJZV2iT6PJx1ydVaS0JzTw (scan results timestamped in comments)
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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.