Potential outside week and bullish potential for A1M

2 nov.

Entry conditions:
(i) higher share price for A1M above the level of the inside week following the potential outside week noted on 17th October (i.e.: above the level of $0.47).

Stop loss for the trade would be:
(i) below the low of the inside week on 22nd October (i.e.: below $0.415), should the trade activate.

2 nov.

Transaction en cours

UPDATE (week ending 31-Oct): Trade activated on 31st October with the share price trading above the level of the inside week following the formation of the potential outside week, as shown in the chart above, on decent volume. The share price ended up trading above both 10 and 30 day moving averages at the end of the trading week.

il y a 3 jours

Note

UPDATE (week ending 07-Nov): After dipping down towards the quarterly VWAP during the week, the share price for A1M appears to have successfully tested the 4 hourly support level established back on 30th October ($0.465), closing above both 10 and 30 day MA's at the end of the trading week. Be aware of potential resistance areas above established from 30th April ($0.51) and 16th May ($0.56), with consideration of taking a small piece off the table around these areas, for risk management purposes, should the share price reach this zone.