Bullish potential detected for IRE

Detected 26-Apr (detailed commentary and full scan results available in the signature below). Not activated as at time of review of 26-Apr.

IRE represents a potential bullish opportunity should momentum continue and newer highs be made. Trade is further supported by a prior resistance level of $8.53 established previously on 10-Apr which could potentially act as a support level, if the trade activates.

Entry conditions:
(i) higher share price above the day of the volume spike (24-Apr) along with swing up of indicators such as DMI/RSI.

Stop loss for the trade would be:
(i) below the potential support level from 10th April (i.e.: below $8.53), after activation, or
(ii) below the swing low of 26th April (i.e.: below $8.34), depending on risk tolerance.

Giao dịch đang hoạt động:

UPDATE (week ending 03-May): Trade activated 29-Apr/30-Apr and share price remained above 10 and 30 day moving averages at the end of the week.

Giao dịch đang hoạt động:

UPDATE (week ending 10-May): Share price dipped beneath the 10 day moving average during the week but ended the week remaining above both 10 and 30 day moving averages once again, above the support level established from 24th April ($8.42).

Đóng lệnh: dừng lỗ:

UPDATE (week ending 17-May): Share price dipped beneath initial support level of $8.42 established from 24th April and into 'no man's land' territory between 10 and 30 day moving averages at the beginning of the week, only to end the week well below both 10 and 30 day moving averages. Suggested close-out considering indicators also swinging to strong bearishness (remove from watchlist).