AUSTRALIAN MINES LIMITED
Long
Updated

Potential outside week and bullish potential for AUZ

91
Entry conditions:
(i) higher share price for AUZ above the level of the potential outside week noted on 10th January (i.e.: above the level of $0.016).

Stop loss for the trade would be:
(i) below the low of the outside week on 7th January (i.e.: below $0.008), should the trade activate.
Note
UPDATE (week ending 17-Jan): No activation of trade thus far - watch and wait... Aggressive swing traders could switch to straight out purchase of 'higher high' on daily chart should indicators show improvement and reward-risk ratio be appropriate for individual traders/investors.
Note
UPDATE (week ending 24-Jan): No activation of trade thus far this week either - watch and wait game remains, however indicators are tending to turn against the potential for a trade at present. Same chart suggestion from last week applies - shall give this potential trade another week to activate and then remove if no action occurs.
Order cancelled
UPDATE (week ending 31-Jan): No activation of trade this week either - potential trade abandoned.

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