Bullish potential detected for SDR

Nov 17

Entry conditions:
(i) breach of the upper confines of the Darvas box formation for SDR - i.e.: above high of $6.91 of 17th October (most conservative entry), or
(ii) swing up of indicators such as DMI/RSI along with a test of prior level of $6.84 from 18th October.

Stop loss for the trade (based upon the Darvas box formation) would be:
(i) below the support level from the low of 24th October (i.e.: below $6.36).

Nov 24

Note

UPDATE (week ending 22-Nov): No activation of trade thus far - await signal. Do note that, of interest, share price appears to be testing prior support level of $6.47 from the open of 31st October from price action this week.

Dec 1

Note

UPDATE (week ending 29-Nov): No activation of trade thus far again - await signal. Inclined to remove from watchlist should no activation occur in the coming week.

Dec 7

Order cancelled

UPDATE (week ending 06-Dec): No activation of trade yet again - remove from watchlist.