Potential outside week and bearish potential for SDF

Nov 23

Entry conditions:
(i) lower share price for SDF below the level of the potential outside week noted on 19th November (i.e.: below the level of $5.08).

Stop loss for the trade would be:
(i) above the high of the outside week on 17th November (i.e.: above $5.50), should the trade activate.

7 days ago

Note

UPDATE (week ending 28-Nov): Potential trade remains in "wait and see" mode - entry conditions remain unsatisfied at present...

10 hours ago

Trade active

UPDATE (week ending 05-Dec): Trade activated on 1st December as per entry conditions noted above. Observe market reaction and how indicators react around the support/resistance area of $5.14, especially with the retest of this area on Friday 5th December (considering the RSI test of the average line). Consider lowering protective stop to an area just above the high of the candle from 5th December (i.e.: around $5.21) should the share price trade at $5.03 or lower during the week of 8th December.