Potential outside week and bearish potential for WOW

Detected 03-May (detailed commentary and full scan results available in the signature below). Not activated as at time of review of 03-May.

WOW represents a potential bearish opportunity should momentum continue and newer lows be made. Trade is further supported by a volume spike noted on 02-May and a gap-down noted on 02-May.

Entry conditions:
(i) lower share price below the level of the potential outside week noted on 02-May.

Stop loss for the trade would be:
(i) above the high of the candle of the gap-down on 2nd May (i.e.: above $30.90), or
(ii) above the swing high of 1st May (i.e.: above $32.27), once trade activated, depending on risk tolerance.

コメント:

UPDATE (week ending 10-May): Share price closing between the 10 and 30 day moving averages, without activating the trade (share price had not traded below the area where the bearish potential had been identified). Suggest to sit and wait at this stage.

注文をキャンセル:

UPDATE (week ending 17-May): No successful test of resistance areas - therefore, no trade activated for a 'short' trade for an outside week (remove from watchlist).