Ivory_Wolf

Bearish potential detected for CRN

Short
Ivory_Wolf Aggiornato   
ASX:CRN   CORONADO GLOBAL RESOURCES INC.
Detected 17-May (detailed commentary and full scan results available in the signature below). Not activated as at time of review of 17-May.

CRN represents a potential bearish opportunity should momentum continue and newer lows be made past the current position.

Stop loss for the trade (based upon the Darvas box formation) would be:
(i) above the top of the Darvas box formation from the high of 9th May (i.e.: above $1.17).
Commento:
UPDATE (week ending 24-May): Trade not activated as yet, wait for signal.

Detailed commentary about this trade available here:
- www.youtube.com/watch?v=6Fvi1Urkiic (Stocks and bonds - latest scans timestamped in comments)
- www.youtube.com/watch?v=bDA7MZcVAAU (Crypto review)

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