Bullish potential detected for MAH
Updated
Entry conditions:
(i) higher share price for
MAH 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 9th September (i.e.: below $0.315), or
(ii) below the support level from the open of 19th July (i.e.: below $0.295), depending on risk tolerance.
(i) higher share price for
MAH 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 9th September (i.e.: below $0.315), or
(ii) below the support level from the open of 19th July (i.e.: below $0.295), depending on risk tolerance.
Trade active
UPDATE (week ending 20-Sep): Trade activated on 18th September, with an additional opportunity on 19th September, with share price closing above both 10 and 30 day MA's at the end of the trading week.Trade active
UPDATE (week ending 27-Sep): Caution with a close below 10 and 30 day MA's. Observe market reaction to the support level of $0.315 from the open of 9th September.Trade active
UPDATE (week ending 04-Oct): Caution once again with a close below 10 and 30 day MA's. Observe market reaction to the support level of $0.315 from the open of 9th September.Trade active
UPDATE (week ending 11-Oct): Share price now trading back above 10 and 30 day MA's at the end of trading week. Support level of $0.315 from open of 9th September confirmed.Trade active
UPDATE (week ending 18-Oct): Share price continues to track above 10 and 30 day MA's at end of trading week. Charts suggest raising stop loss to $0.335 to align with support/resistance level from open of 23rd August.Trade active
UPDATE (week ending 25-Oct): Share price closed above 10 and 30 day MA's at the end of the trading week, with the share price testing the stop loss area noted in the previous comment briefly during the week before a strong bounce the next day (providing confirmation of that support area).Trade active
UPDATE (week ending 01-Nov): A consolidation week for the stock with the share price closing above 10 and 30 day MA's at the end of the trading week. Observe market reaction at the new resistance area formed from the open of 29th October (i.e.: $0.38).Note
UPDATE (week ending 08-Nov): Consolidation continues, whilst the share price now closes slightly beneath the 10 day MA (remaining above the 30 day MA) at the end of the trading week. Observe market reaction at this resistance area.Note
UPDATE (week ending 15-Nov): Caution once again with a close below 10 and 30 day MA's, testing support level of $0.335 as a test of resistance area noted over past couple of weeks has failed. Consider a failure of this support area an area of exiting the trade (i.e.: scratch), for anyone still in the trade.
Detailed commentary about these trades available here (Stocks and bonds - scan results timestamped in comments; Crypto discussed too):
youtube.com/channel/UCiJZV2iT6PJx1ydVaS0JzTw
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youtube.com/channel/UCiJZV2iT6PJx1ydVaS0JzTw
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