Potential outside week and bullish potential for MKR

20 ott

Entry conditions:
(i) higher share price for MMKR above the level of the potential outside week noted on 4th October (i.e.: above the level of $0.043).

Stop loss for the trade would be:
(i) below the swing low of 1st October (i.e.: below $0.029), should the trade activate.

20 ott

Trade attivo

UPDATE (week ending 11-Oct): Trade activated 7th October, with share price closing well above 10 and 30 day MA's at end of trading week. Consider raising stop loss to $0.049 at least (open of red candle on Monday 7th October), based upon first potential support point after activated outside week (move to further bullish potential list).

20 ott

Trade attivo

UPDATE (week ending 18-Oct): Share price remains above suggested stop loss at end of trading week, but has tracked slightly below 10 day MA.

26 ott

Trade attivo

UPDATE (week ending 25-Oct): Share price closed above 10 and 30 day MA's at the end of trading week, with share price testing area noted above as stop loss (which would be a decent profit, if triggered). Observe the waning momentum as indicated by the DMI/ADX and observe any market reaction below this sideways channel on the daily channel (i.e.: should the stop loss area be triggered).

2 nov

Trade attivo

UPDATE (week ending 01-Nov): Share price closed between 10 and 30 day MA's at the end of the trading week, testing area considered as profitable stop loss (as suggested by comment last week). Observe market reaction at this point.

10 nov

Trade chiuso: stop raggiunto

UPDATE (week ending 08-Nov): Profitable stop loss activated 4th November.