Bullish potential detected for CPU

Detected 19-Apr (detailed commentary and full scan results available in the signature below). Not activated as at time of review of 19-Apr.

CPU represents a potential bullish opportunity should momentum continue and newer highs be made.

Entry conditions (once third candle above the low of the Darvas box is formed):
(i) breach of the upper confines of the Darvas box formation - i.e.: above high of $28.43 of 12th April (most conservative entry), or
(ii) swing up of indicators such as DMI/RSI along with a test of prior resistance level of $27.77 from 10th November 2022.

Stop loss for the trade (based upon the Darvas box formation) would be:
(i) below the support level from the low of 17th April (i.e.: below $27.49).

Orden cancelada:

UPDATE (week ending 26-Apr): Failure of Darvas box setup prior to activation (no trade, remove from watchlist).