Bullish potential detected for JDO

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

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

Entry conditions:
(i) higher share price along with swing up of indicators such as DMI/RSI.

Stop loss for the trade would be:
(i) below the support level from the low of 25th March (i.e.: below $1.33), or
(i) below the support level from the low of 28th March (i.e.: below $1.28), or
(i) below the support level from the low of 19th February (i.e.: below $1.24), depending on risk tolerance.

Comment:

UPDATE (week ending 19-Apr): Share price closing beneath the 10 and 30 day moving averages, without activating the trade (share price had not traded above the area where the bullish potential had been identified). Suggest to sit and wait at this stage.

Comment:

UPDATE (week ending 26-Apr): Share price traded near area where the bullish potential had been identified, but had not exceeded the area to make a higher high - trade not activated. Suggest to sit and wait at this stage once again.