Entry conditions:
(i) lower share price for
AIA along with swing of DMI indicator towards bearishness and RSI downwards, and
(ii) close below the 200 day moving average, and
(iii) observing market reaction around the share price of $7.08 (open of 8th April).
Stop loss for the trade would be:
(i) above the high of the recent swing high once the trade is activated (currently $7.41 from the high of 8th May).
(i) lower share price for
AIA along with swing of DMI indicator towards bearishness and RSI downwards, and(ii) close below the 200 day moving average, and
(iii) observing market reaction around the share price of $7.08 (open of 8th April).
Stop loss for the trade would be:
(i) above the high of the recent swing high once the trade is activated (currently $7.41 from the high of 8th May).
Trade active
UPDATE (week ending 30-May): Trade activated 28th May and provided further opportunity to enter the trade over the next couple of days as the share price tested the 10 day MA from the underside successfully. Share price closed below the 10 and 30 day MA's at the end of the trading week.Trade closed manually
UPDATE (week ending 06-Jun): A sharp reversal against the previous low on the daily chart ($6.91) on 3rd and 4th June is working quite strongly against this trade, so it is suggested that this short position in AIA be covered in order to preserve capital and move on to the next trade.
Detailed commentary/updates about trades (stocks, crypto & bonds) available:
youtube.com/channel/UCiJZV2iT6PJx1ydVaS0JzTw (scan results timestamped in comments)
t.me/ASXTradersUnited
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...
youtube.com/channel/UCiJZV2iT6PJx1ydVaS0JzTw (scan results timestamped in comments)
t.me/ASXTradersUnited
Like/join/subscribe for the latest!
...
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Detailed commentary/updates about trades (stocks, crypto & bonds) available:
youtube.com/channel/UCiJZV2iT6PJx1ydVaS0JzTw (scan results timestamped in comments)
t.me/ASXTradersUnited
Like/join/subscribe for the latest!
...
youtube.com/channel/UCiJZV2iT6PJx1ydVaS0JzTw (scan results timestamped in comments)
t.me/ASXTradersUnited
Like/join/subscribe for the latest!
...
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.