Bullish potential detected for CMM

Detected 12-Apr (detailed commentary and full scan results available in the signature below). Not activated as at time of review of 12-Apr.

CMM represents a potential bullish opportunity should momentum continue and newer highs be made past the current position.

Entry conditions:
(i) breach of the upper confines of the Darvas box formation - i.e.: above high of $5.55 of 4th April (most conservative entry), or
(ii) swing up of indicators such as DMI/RSI along with a test of prior level of $5.26 from 6th March.

Stop loss for the trade (based upon the Darvas box formation) would be:
(i) below the support level from the low of 5th April (i.e.: below $5.08).

Trade ist aktiv:

UPDATE (Week ending 19-Apr): Entry condition for aggressive entry involving swing up of indicators (DMI/RSI) along with a test of prior level of $5.26 from 6th March occurred on 19th April.

Trade wurde manuell geschlossen:

UPDATE (week ending 26-Apr): Stop loss below the base of the Darvas box (i.e.: $5.07) hit on 23-Apr prior to further falls in share price (remove from watchlist).