Potential outside week and bullish potential for QPMDetected 26-Apr (detailed commentary and full scan results available in the signature below). Not activated as at time of review of 26-Apr.
ASX:QPM represents a potential bullish opportunity should momentum continue and newer highs be made. Trade is further supported by a volume spike noted on 22-Apr and a gap-up noted on 23-Apr.
Entry conditions:
(i) higher share price above the level of the potential outside week noted on 24-Apr.
Stop loss for the trade would be:
(i) below the low of the candle of the gap-up on 23rd April (i.e.: below $0.047), or
(ii) below the swing low of 22nd April (i.e.: below $0.032), once trade activated, depending on risk tolerance.