Bullish potential detected for STO

31 ago

Entry conditions:
(i) breach of the upper confines of the Darvas box formation for $ASX:STO.
- i.e.: above high of $8.02 of 16th June (most conservative entry), and
(ii) swing up of indicators such as DMI/RSI.

Stop loss for the trade (based upon the Darvas box formation) would be:
(i) below the support level from the low of 20th August (i.e.: below $7.48).

6 set

Ordine annullato

UPDATE (week ending 05-Sep): Trade abandoned since the attempted breakout on 27th/28th August wasn't supported by a swing-up of indicators noted in the entry conditions.