Bullish potential detected for RZI

4 thg 10, 2024

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).

11 thg 10, 2024

Ghi chú

UPDATE (week ending 04-Oct): Trade activated; however, poor market reaction overall (small trades on secondary market; remove from watchlist).