Bullish potential detected for SIQEntry conditions:
(i) higher share price for ASX:SIQ along with swing up of indicators such as DMI (+DMI above ADX at the very least) and RSI.
Stop loss for the trade would be:
(i) tight at $7.85 beneath the tail of the signal day (30th August), depending on risk tolerance.
SIQ trade ideas
SIQ - Trade PlanSIQ may have changed its bearish trend after the break of the downtrend line so any pullback lower may provide a buying opportunity. It could backtest lower towards my Buy Zone between $6.80 - $7.00, where I may take a long position once bullish price action is confirmed.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
SIQ | Here's a running flat to double your investment! hey traders,
looking at SIQ having complete a running on the weekly tf. this is supported by daily divergence on the way down and now a 4hr impulse + correction having been completed. we're also seeing an hourly move away from the completed correction showing more upside potential.
