Bullish potential detected for SGP

2 set

Entry conditions:
(i) breach of the upper confines of the Darvas box formation for SGP - i.e.: above high of $5.10 of 27th August (most conservative entry), or
(ii) swing up of indicators such as DMI/RSI along with a test of prior level of $5.05 from 27th August.

Stop loss for the trade (based upon the Darvas box formation) would be:
(i) below the support level from the low of 28th August (i.e.: below $4.92).

8 set

Trade attivo

UPDATE (week ending 06-Sep): Trade activated on 6th September, with newer highs formed on this trading day, with suggestion to raise stop loss to $4.95 ($0.04 above one tick beneath the Darvas box formation of the trade set-up).

15 set

Trade attivo

UPDATE (week ending 13-Sep): Newer highs formed during the week, with suggestion to raise stop loss to $5.11 ($0.20 above one tick beneath Darvas box).

24 set

Trade attivo

UPDATE (week ending 20-Sep): Newer highs formed during the week, with suggestion to raise stop loss to $5.27 ($0.36 above one tick beneath Darvas box).

4 ott

Trade chiuso: stop raggiunto

UPDATE (week ending 27-Sep): Firm close below stop loss on 23rd September - suggest closing any remaining positions (remove from watchlist).