Potential outside week and bullish potential for MYR
Entry conditions:
(i) higher share price for MMYR above the level of the potential outside week noted on 6th September (adjusted with the incidence of the inside week the following week, allowing activation of the trade above the level of the range for that week, i.e.: above the level of $0.855, as depicted by the blue dotted line and accompanying text on the chart).
Stop loss for the trade would be:
(i) below the swing low of 4th September (i.e.: below $0.795), should the trade activate.
(i) higher share price for MMYR above the level of the potential outside week noted on 6th September (adjusted with the incidence of the inside week the following week, allowing activation of the trade above the level of the range for that week, i.e.: above the level of $0.855, as depicted by the blue dotted line and accompanying text on the chart).
Stop loss for the trade would be:
(i) below the swing low of 4th September (i.e.: below $0.795), should the trade activate.
Note
UPDATE (week ending 20-Sep): Trade activated on 16th September for a quick trade as suggested, considering upcoming earnings on 20th September. Remove from watchlist.
Detailed commentary about these trades available here (Stocks and bonds - scan results timestamped in comments; Crypto discussed too):
youtube.com/channel/UCiJZV2iT6PJx1ydVaS0JzTw
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youtube.com/channel/UCiJZV2iT6PJx1ydVaS0JzTw
Like/subscribe for the latest!
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