Bullish potential detected for NHF

Entry conditions:
(i) higher share price for 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 17th March (i.e.: below $6.41), or
(ii) below the support level from the open of 24th February (i.e.: below $6.30), depending on risk tolerance.

Trade active

UPDATE (week ending 28-Mar): Trade activated on 26th March, with share price closing above 10 and 30 day MA's at the end of the trading week.

Note

UPDATE (week ending 04-Apr): Share price closed above 10 and 30 day MA's at the end of the trading week once again, with the stock displaying good relative strength compared to the rest of the market.

5 days ago

Note

UPDATE (week ending 11-Apr): Share price closed between 10 and 30 day MA's at the end of the trading week, with the share price bouncing off the 30 day MA to the upside during the week. Some caution is warranted though, considering the share price is now challenging a medium-term potential resistance area (level of interest of $6.77) from the open of 27th February. With momentum appearing to start to wane on the DMI/ADX and RSI indicators, review the stop losses and decide on risk tolerance aspects in case of market retracements and failure of the new swing low formed on Monday of this week.

Ivory_Wolf

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Ivory_Wolf

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