Bullish potential detected for SFR

Detected 19-Apr (detailed commentary and full scan results available in the signature below). Not activated as at time of review of 19-Apr.

SFR represents a potential bullish opportunity should momentum continue and newer highs be made.

Entry conditions:
(i) breach of the upper confines of the Darvas box formation - i.e.: above high of $9.28 of 9th April (most conservative entry), or
(ii) swing up of indicators such as DMI/RSI along with a test of prior level of $9.09 from 4th April.

Stop loss for the trade (based upon the Darvas box formation) would be:
(i) below the support level from the low of 11th April (i.e.: below $8.61).

Trade ist aktiv:

UPDATE (week ending 26-Apr): Trade activated a couple of times during the week on both 22-Apr and 26-Apr (breaching the top of the Darvas box) whilst bouncing off the 30 day moving average mid-week and potentially utilising the long-term level of $9.12 established back on 13-Jun-2018 as a possible support level towards the end of the week.

Trade ist aktiv:

UPDATE (week ending 03-May): Stop loss raised to $9.16 ($0.56 above low beneath Darvas box, based upon the high achieved from the candle of 30-Apr). Share price closed above the 10 and 30 day moving averages at the end of the week.

Trade ist aktiv:

UPDATE (week ending 10-May): Stop loss raised to $9.23 ($0.63 above low beneath Darvas box, based upon the high achieved from the candle of 10-May). Share price closed above the 10 and 30 day moving averages at the end of the week.

Trade ist aktiv:

UPDATE (week ending 17-May): Stop loss raised to $9.31 ($0.71 above low beneath Darvas box, based upon the high achieved from the candle of 13-May). Share price closed in between the 10 and 30 day moving averages at the end of the week (towards the upper end of the range).

Trade geschlossen: Stop wurde erreicht:

UPDATE (week ending 24-May): Stop loss raised to $9.48 ($0.88 above low beneath Darvas box, based upon the high achieved from the candle of 22-May). Share price closed below both the 10 and 30 day moving averages at the end of the week, as well as below the stop loss. Suggested close out of trade for conservative nature (depending on risk profile), but also note that long-term support/resistance area from June 2018 at $9.12 remains intact.