Bearish potential detected for IRE

18 Jan

Entry conditions:
(i) lower share price for IRE along with swing up of the DMI indicators and swing down of the RSI indicator, and
(ii) observation of market reaction at the support level at $9.10 (open from 13th December).

Stop loss for the trade would be:
(i) above the resistance level from the open of 9th September (i.e.: above $9.36), or
(ii) above the resistance level from the open of 21st August (i.e.: above $9.65), depending on risk tolerance.

25 Jan

Pesanan dibatalkan

UPDATE (week ending 24-Jan): Trade didn't activate during the week and, in fact, went past the resistance levels above which would've been the stop loss for the trade in the other direction. Abandon the potential for the trade in this case.