Potential outside week and bullish potential for HLI
Entry conditions:
(i) higher share price for
HLI above the level of the potential outside week noted on 17th January (i.e.: above the level of $4.65).
Stop loss for the trade would be:
(i) below the low of the outside week on 13th January (i.e.: below $4.44), should the trade activate.
(i) higher share price for
HLI above the level of the potential outside week noted on 17th January (i.e.: above the level of $4.65).Stop loss for the trade would be:
(i) below the low of the outside week on 13th January (i.e.: below $4.44), should the trade activate.
Trade active
UPDATE (week ending 24-Jan): Trade activated on 20th January with the share price closing above both 10 and 30 day MA's at the end of the trading week. Depending on personal trading preference, this trade can be followed by a variety of styles - Darvas box technique, swing trading, tracking moving averages, and/or support/resistance.Note
UPDATE (week ending 31-Jan): Newer highs formed during the week, with suggestion to raise stop to $4.68 ($0.25 above one tick beneath Darvas box formation). Conservative stop would be $4.63 since this aligns to a point beneath prior swing low of $4.65 from the open of 23rd January, which coincides with the prior support/resistance area noted in the chart above from 10-Feb-2015 and 28-Feb-2024. Trade now upgraded to a 'further bullish potential' trade.Note
UPDATE (week ending 07-Feb): Newer highs formed during the week, with suggestion to raise stop to $4.76 ($0.33 above one tick beneath Darvas box formation). Conservative stop would be $4.74 since this aligns to a point beneath prior swing low of $4.75 from the 4th February.Note
UPDATE (week ending 14-Feb): Newer highs formed during the week, with suggestion to raise stop to $4.82 ($0.39 above one tick beneath Darvas box formation), which aligns well with a level beneath the prior swing low of $4.84 from the 13th of February.Trade closed: stop reached
UPDATE (week ending 21-Feb): Profitable stop of $4.82 achieved through Darvas box technique has been breached with Friday's price action - charts suggest exiting the trade - thank you market.
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.