Potential outside week and bearish potential for TLXEntry conditions:
(i) lower share price for ASX:TLX below the level of the potential outside week noted on 2nd June (i.e.: below the level of $24.91).
Stop loss for the trade would be:
(i) above the high of the outside week on 5th June (i.e.: above $27.40), should the trade activate.
Important note for the trade:
- Observe market reaction at two key areas illustrated in the chart above, should the trade activate ($24.79 and $24.47), which could act as support against the short trade.
