Entry conditions:
(i) higher share price for
QUB along with swing up of indicators such as DMI/RSI.
Depending on risk tolerance, the stop loss for the trade would be:
(i) a close below the bottom of the formed channel (i.e.: below $4.20), or
(ii) below previous support of $4.11 from the open of 9th May, or
(iii) below the rising 150 day moving average (currently $4.07).
(i) higher share price for
QUB along with swing up of indicators such as DMI/RSI.Depending on risk tolerance, the stop loss for the trade would be:
(i) a close below the bottom of the formed channel (i.e.: below $4.20), or
(ii) below previous support of $4.11 from the open of 9th May, or
(iii) below the rising 150 day moving average (currently $4.07).
Trade active
UPDATE (week ending 25-Jul): Trade activated on both 18th and 21st July, with share price closing right on the rising 10 day MA at the end of the trading week after testing the 30 day MA at the end of the trading week.Note
UPDATE (week ending 01-Aug): The share price for QUB closed between the 10 and 30 day MA's at the end of the trading week. A sentiment change may be occurring in relation to this stock, considering the turn in DMI and RSI indicators - caution needs to be heeded.
Detailed commentary/updates about trades (stocks, crypto & bonds) available:
ivorywolf.start.page/ (Facebook / Telegram / YouTube / personal web-page)
Like/join/subscribe for the latest!
...
ivorywolf.start.page/ (Facebook / Telegram / YouTube / personal web-page)
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:
ivorywolf.start.page/ (Facebook / Telegram / YouTube / personal web-page)
Like/join/subscribe for the latest!
...
ivorywolf.start.page/ (Facebook / Telegram / YouTube / personal web-page)
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.