Entry conditions:
(i) lower share price for
SDF along with swing of DMI indicator towards bearishness and RSI downwards, and
(ii) observing market reaction around the share price of $5.89 (open of 20th June).
Stop loss for the trade would be:
(i) above the potential prior resistance of $6.08 from the open of 4th December 2024, or
(i) above the potential prior resistance of $6.19 from the open of 3rd July 2024, depending on risk tolerance.
(i) lower share price for
SDF along with swing of DMI indicator towards bearishness and RSI downwards, and(ii) observing market reaction around the share price of $5.89 (open of 20th June).
Stop loss for the trade would be:
(i) above the potential prior resistance of $6.08 from the open of 4th December 2024, or
(i) above the potential prior resistance of $6.19 from the open of 3rd July 2024, depending on risk tolerance.
Trade active
UPDATE (week ending 25-Jul): Trade activated on 25th July with a swing of the DMI indicator towards bearishness and downward swing of the RSI indicator, whilst the share price respected the prior support level of $5.89 from the open of 20th June to the downside. The share price closed below both 10 and 30 day MA's at the end of the trading week.Note
UPDATE (week ending 01-Aug): Fairly aimless drifting in the share price this week, however most of the share price action remained above recent support (i.e.: above the open of $5.89 formed on the 20th June), with the share price closing between 10 and 30 day MA's at the end of the trading week. Continue to observe market reaction at this support level.
Detailed commentary/updates about trades (stocks, crypto & bonds) available:
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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.