Potential outside week and bullish potential for CDT

Sep 7

Entry conditions:
(i) higher share price for CDT above the level of the potential outside week noted on 5th September (i.e.: above the level of $0.078).

Stop loss for the trade would be:
(i) below the low of the outside week on 2nd September (i.e.: below $0.063), should the trade activate.

Sep 13

Trade active

UPDATE (week ending 12-Sep): Trade activated on Wednesday 10th September on mild volume, encountering potential resistance of $0.09 from the open of 21st November 2024, which is a level to certainly be aware of for anyone entering the trade. Remaining trade throughout the rest of the week was fairly lacklustre as the candles formed 'inside days', however still respected and remained above the 10 day MA towards the end of the trading week.

Sep 20

Note

UPDATE (week ending 19-Sep): The more subdued trading noted at the end of last week continued throughout this most recent trading week with minimal range trading noted that resulted in the share price closing between the 10 and 30 day MA's at the end of the trading week.

Sep 27

Trade closed manually

UPDATE (week ending 26-Sep): Charts suggest closing out this trade for a scratch since indicators appear to be changing with respect to momentum, particularly with respect to trade on Thursday 25th September.