Bullish potential detected for SGP
Updated
Entry conditions:
(i) breach of the upper confines of the Darvas box formation for
SGP - i.e.: above high of $5.10 of 27th August (most conservative entry), or
(ii) swing up of indicators such as DMI/RSI along with a test of prior level of $5.05 from 27th August.
Stop loss for the trade (based upon the Darvas box formation) would be:
(i) below the support level from the low of 28th August (i.e.: below $4.92).
(i) breach of the upper confines of the Darvas box formation for
SGP - i.e.: above high of $5.10 of 27th August (most conservative entry), or(ii) swing up of indicators such as DMI/RSI along with a test of prior level of $5.05 from 27th August.
Stop loss for the trade (based upon the Darvas box formation) would be:
(i) below the support level from the low of 28th August (i.e.: below $4.92).
Trade active
UPDATE (week ending 06-Sep): Trade activated on 6th September, with newer highs formed on this trading day, with suggestion to raise stop loss to $4.95 ($0.04 above one tick beneath the Darvas box formation of the trade set-up).Trade active
UPDATE (week ending 13-Sep): Newer highs formed during the week, with suggestion to raise stop loss to $5.11 ($0.20 above one tick beneath Darvas box).
Detailed commentary about this trade available here:
- youtube.com/watch?v=wn50LO83gWw (Stocks and bonds - latest scans timestamped in comments)
- youtube.com/watch?v=Po0Cpy9-l0Q (Crypto review)
Like/subscribe for the latest!
- youtube.com/watch?v=wn50LO83gWw (Stocks and bonds - latest scans timestamped in comments)
- youtube.com/watch?v=Po0Cpy9-l0Q (Crypto review)
Like/subscribe for the latest!
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