Potential outside week and bearish potential for IPH
Updated
Entry conditions:
(i) lower share price for
IPH below the level of the potential outside week noted on 4th October.
Stop loss for the trade would be:
(i) above the swing high of 30th September (i.e.: above $6.22), once the trade has activated.
(i) lower share price for
IPH below the level of the potential outside week noted on 4th October.Stop loss for the trade would be:
(i) above the swing high of 30th September (i.e.: above $6.22), once the trade has activated.
Note
UPDATE (week ending 11-Oct): Trade not activated as yet; wait for trade below low of outside week.Trade active
UPDATE (week ending 18-Oct): Trade activated 14-Oct, with share price closing below 10 and 30 day MA's at end of trading week. Consider lowering stop to above the high of recent swing high from 10-Oct (i.e.: slightly above $5.78).Trade active
UPDATE (week ending 25-Oct): Share price closed below 10 and 30 day MA's at the end of the trading week (move to further bearish potential list).Trade active
UPDATE (week ending 01-Nov): Share price closed below 10 and 30 day MA's at the end of the trading week. Consider lowering stop to above the open of 29th October (support/resistance area - i.e.: slightly above $5.49) in order to preserve profits.Note
UPDATE (week ending 08-Nov): Share price closed between 10 and 30 day MA's at the end of the trading week. Share price did test the lowered stop suggested in last week's note on 6th November, but did not activate the stop loss. Observe for any sudden rise in RSI or decline in ADX on the DMI indicator.Note
UPDATE (week ending 15-Nov): Share price closed below 10 and 30 day MA's at the end of the trading week with increasing momentum to the downside towards the end of the week. Charts suggest lowering profitable stop to slightly above the open of 1st November (i.e.: $5.34) in order to capture profits from the trade, just in case of any sudden upswings in share price and shifts in momentum (and to provide 'wiggle room' for the trade).
Detailed commentary about these trades available here (Stocks and bonds - scan results timestamped in comments; Crypto discussed too):
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