Bullish potential detected for DRR

1 giu

Entry conditions:
(i) higher share price for DRR 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 $3.63), or
(ii) below previous support of $3.49 from the open of 14th March, or
(iii) below previous support of $3.34 from the open of 5th September.

1 giu

Trade attivo

UPDATE (week ending 30-May): Trade activated on 30th May with a close on decent volume and indicators trending towards bullish bias (RSI and DMI). The share price closed above both 10 and 30 day MA's at the end of the trading week.

7 giu

Nota

UPDATE (week ending 06-Jun): The share price for DRR continued to ascend during the week and appears to be tracking well alongside the 10 day MA, closing above the 10 and 30 day MA's at the end of the trading week.

4 giorni fa

Trade chiuso manualmente

UPDATE (week ending 13-Jun): Share price action appears to be struggling against prior support/resistance areas. No firm directional bias in place as yet - no harm in exiting the trade for a scratch trade / slight profit should this capital be tying up capital. Coverage ceased.