Potential outside week and bullish potential for CQREntry conditions:
(i) higher share price for ASX:CQR above the level of the potential outside week noted on 6th June (i.e.: above the level of $4.10).
Stop loss for the trade would be:
(i) below the low of the outside week on 2nd June (i.e.: below $3.91), should the trade activate.
CQR trade ideas
CQR - Time to get Bullish?I think CQR is preparing for a move to the upside as price is now above the 200SMA and 50SMA and it has also broken the Bearish Trendline with High Volume. I think it is preparing for a move towards its previous Highs.
TP1 - $3.90
TP2 - $4.05
Stoploss - $3.30
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.