Bullish potential detected for NHF

28 Mac

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

Stop loss for the trade would be:
(i) below the support level from the open of 17th March (i.e.: below $6.41), or
(ii) below the support level from the open of 24th February (i.e.: below $6.30), depending on risk tolerance.

28 Mac

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UPDATE (week ending 28-Mar): Trade activated on 26th March, with share price closing above 10 and 30 day MA's at the end of the trading week.

5 Apr

Nota

UPDATE (week ending 04-Apr): Share price closed above 10 and 30 day MA's at the end of the trading week once again, with the stock displaying good relative strength compared to the rest of the market.

12 Apr

Nota

UPDATE (week ending 11-Apr): Share price closed between 10 and 30 day MA's at the end of the trading week, with the share price bouncing off the 30 day MA to the upside during the week. Some caution is warranted though, considering the share price is now challenging a medium-term potential resistance area (level of interest of $6.77) from the open of 27th February. With momentum appearing to start to wane on the DMI/ADX and RSI indicators, review the stop losses and decide on risk tolerance aspects in case of market retracements and failure of the new swing low formed on Monday of this week.

18 Apr

Nota

UPDATE (week ending 17-Apr): Consolidatory price action this week for NHF, fully respecting the level of interest noted in last week's note ($6.77), which appears to be acting as a potential support level (yet to be fully proven). Last week's note stands with respect to reviewing stop losses according to risk tolerance as per stop losses highlighted upon entry into the trade and to consider the current level of interest as another area of potential stop.

25 Apr

Nota

UPDATE (week ending 24-Apr): Further respect of the level of interest noted previously ($6.77) occurred this week for NHF, with the charts suggesting that this level of interest is indeed a potential support level which can be utilised as a level for placement of a protective stop slightly beneath (e.g.: $6.74).

3 Mei

Nota

UPDATE (week ending 02-May): Further consolidation of price action this week for NHF, with the share price closing above both 10 and 30 day MA's at the end of the trading week once again. No action with respect to this stock suggested following on from last week's note.

10 Mei

Nota

UPDATE (week ending 09-May): Further consolidation of price action occurred this week, however the share price ended the week struggling against the 10 and 30 day MA's this time - first strike of caution thus noted.

17 Mei

Nota

UPDATE (week ending 16-May): Further consolidation of price action occurred this week yet again, with the share price ending the week struggling against the 10 and 30 day MA's once more - second strike of caution thus noted.

4 hari lalu

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UPDATE (week ending 23-May): With further consolidation of price action occurring this week yet again as the share price ending the week struggling against the 10 and 30 day MA's once more, as third strike of caution has been noted, which suggests that this trade is going nowhere at this stage. Daily charts are trendless from a momentum perspective - no point tying up capital in a trade with no momentum. Thank you market for a profitable trade - bye bye.