Bearish potential detected for AX1

Detected 12-Apr (detailed commentary and full scan results available in the signature below). Not activated as at time of review of 12-Apr.

AX1 represents a potential bearish opportunity should momentum continue and newer lows be made.

Entry conditions:
(i) lower share price along with swing up of bearish DMI indicator and swing down in RSI.

Stop loss for the trade would be:
(i) above the support/resistance level from the low of 8th March (i.e.: above $1.985), or
(i) above the support/resistance level from the low of 20th March (i.e.: above $2.03), depending on risk tolerance.

Trade active:

UPDATE (week ending 19-Apr): Trade activated 13-Apr, with suggestion at end of week to observe for any sudden increase in RSI or swing-around in the ADX portion of the DMI indicator.

Trade active:

UPDATE (week ending 26-Apr): Continuing suggestion to observe for any further sudden increases in RSI or swing-around in the ADX portion of the DMI indicator (alongside any tests of prior support levels now acting as resistance levels - now also including $1.935 and $1.955 from 27-Feb and 07-Mar, respectively).