Bullish potential detected for RZI
Entry conditions:
(i) breach of the upper confines of the Darvas box formation for
RZI - i.e.: above high of $0.45 of 11th September (most conservative entry), or
(ii) swing up of indicators such as DMI/RSI along with a test of prior level of $0.425 from 9th September.
Stop loss for the trade (based upon the Darvas box formation) would be:
(i) below the support level from the low of 24th September (i.e.: below $0.405).
(i) breach of the upper confines of the Darvas box formation for
RZI - i.e.: above high of $0.45 of 11th September (most conservative entry), or(ii) swing up of indicators such as DMI/RSI along with a test of prior level of $0.425 from 9th September.
Stop loss for the trade (based upon the Darvas box formation) would be:
(i) below the support level from the low of 24th September (i.e.: below $0.405).
Note
UPDATE (week ending 04-Oct): Trade activated; however, poor market reaction overall (small trades on secondary market; remove from watchlist).
Detailed commentary/updates about trades (stocks, crypto & bonds) available:
youtube.com/channel/UCiJZV2iT6PJx1ydVaS0JzTw (scan results timestamped in comments)
t.me/ASXTradersUnited
Like/join/subscribe for the latest!
...
youtube.com/channel/UCiJZV2iT6PJx1ydVaS0JzTw (scan results timestamped in comments)
t.me/ASXTradersUnited
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.