Bullish potential detected for ABG

3 hari lalu

Entry conditions:
(i) higher share price for ABG along with swing up of indicators such as DMI/RSI.

Depending on risk tolerance, the stop loss for the trade would be:
(i) a close below the 50 day moving average (currently $1.148), or
(ii) below previous resistance (now support) of $1.14 from the open of 28th March, or
(iii) below previous support of $1.09 from the open of 9th April / 14th January.

3 hari lalu

Dagangan aktif

UPDATE (week ending 23-May): Trade activated 8th May after being detected in weekly scans at the end of the week of 9th May, although it was noted that the activation day of 8th May was on low volume and the share price was tackling potential resistance against the open of 29th November 2024 (i.e.: $1.23). Ever since then, volume has still remained light and the share price has remained relatively flat and constrained within a channel as shown in the daily chart above. This represents a possible opportunity to obtain shares whilst remaining within this channel prior to a potential breakout - watch for volume increases which may indicate that this may occur and observe indicators such as DMI/ADX, RSI and OBV accordingly.