Bearish potential detected for CRN

Detected 17-May (detailed commentary and full scan results available in the signature below). Not activated as at time of review of 17-May.

CRN represents a potential bearish opportunity should momentum continue and newer lows be made past the current position.

Stop loss for the trade (based upon the Darvas box formation) would be:
(i) above the top of the Darvas box formation from the high of 9th May (i.e.: above $1.17).

Commentaire:

UPDATE (week ending 24-May): Trade not activated as yet, wait for signal.

Transaction en cours:

UPDATE (week ending 31-May): Trade activated on 30th May with a decrease in RSI and increased bearishness in DMI/ADX. Share price closed beneath both 10 and 30 day MA's - keep an eye out for a sudden increase in RSI that could work against the position.

Trade fermée: ordre d’arrêt atteint:

UPDATE (week ending 07-Jun): As previously discussed / warned from prior entry above, stop activated after sudden rise in RSI and cross-over in DMI (remove from watchlist).