Potential outside week and bullish potential for CXO

28 giu

Entry conditions:
(i) higher share price for CXO above the level of the potential outside week noted on 27th June (i.e.: above the level of $0.1025).

Stop loss for the trade would be:
(i) below the low of the outside week on 20th June (i.e.: below $0.083), should the trade activate.

5 lug

Trade attivo

UPDATE (week ending 04-Jul): Trade activated on 1st July, with the share price continuing above both 10 and 30 day MA's throughout the trading week. Important to note that there's a fair amount of congestion to work through from October 2024 on the daily chart - consider keeping the stop tight towards breakeven or beneath entry point at an area around $0.094 if risk tolerance is low, now that the trade has activated and moved up a reasonable amount.

l’altro ieri

Nota

UPDATE (week ending 11-Jul): Sideways chop continues as the share price attempts to press to the upside through the congestion noted in last week's comment. Share price continues to behave and maintain itself above the 10 day MA for the meantime.