As noted in the latest video update for the week ended 22-Dec, detected in the latest scan for the week (detailed commentary and full scan results available in the signature below), IPL represents a potential bearish opportunity should momentum continue and newer lows be made past the current position.
Stop loss for the trade would be:
(i) above the swing high...
Here's my buy set-up $IPL Incitec Pivot Ltd based on a consistent bullish trend, price testing support, higher high candle although somewhat red at the moment. Price is oversold and the chart looks ok overall for a reasonable probability it heads north. As always, this could go against my call, hence stop loss in place to minimize loss. Admittedly there is a bit...