Entry conditions:
(i) breach of the upper confines of the Darvas box formation for $ASX:STO.
- i.e.: above high of $8.02 of 16th June (most conservative entry), and
(ii) swing up of indicators such as DMI/RSI.
Stop loss for the trade (based upon the Darvas box formation) would be:
(i) below the support level from the low of 20th August (i.e.: below $7.48).
(i) breach of the upper confines of the Darvas box formation for $ASX:STO.
- i.e.: above high of $8.02 of 16th June (most conservative entry), and
(ii) swing up of indicators such as DMI/RSI.
Stop loss for the trade (based upon the Darvas box formation) would be:
(i) below the support level from the low of 20th August (i.e.: below $7.48).
Order cancelled
UPDATE (week ending 05-Sep): Trade abandoned since the attempted breakout on 27th/28th August wasn't supported by a swing-up of indicators noted in the entry conditions.
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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.