Ivory_Wolf

Potential outside week and bullish potential for QPM

Largo
Ivory_Wolf Actualizado   
ASX:QPM   QUEENSLAND PACIFIC METALS LIMITED
Detected 26-Apr (detailed commentary and full scan results available in the signature below). Not activated as at time of review of 26-Apr.

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.
Operación cerrada manualmente:
UPDATE (week ending 03-May): Trade activated 29-Apr however the trade turned the other way during the week with a 'drying up' of bids that was evident from 01-May onwards until stop loss from the base of the gap-up of 23-Apr was activated (i.e.: below the low of $0.047). Suggested close out of trade should any trade remain (remove from watchlist).

Detailed commentary about this trade available here:
- www.youtube.com/watch?v=8SZBnL8HtEY (Stocks and bonds - latest scans timestamped in comments)
- www.youtube.com/watch?v=lh6iczN_tGk (Crypto review)

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