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Potential outside week and bearish potential for IPH

Atualizado

Entry conditions:
(i) lower share price for below the level of the potential outside week noted on 4th October.

Stop loss for the trade would be:
(i) above the swing high of 30th September (i.e.: above $6.22), once the trade has activated.

Nota

UPDATE (week ending 11-Oct): Trade not activated as yet; wait for trade below low of outside week.

Trade ativo

UPDATE (week ending 18-Oct): Trade activated 14-Oct, with share price closing below 10 and 30 day MA's at end of trading week. Consider lowering stop to above the high of recent swing high from 10-Oct (i.e.: slightly above $5.78).

Trade ativo

UPDATE (week ending 25-Oct): Share price closed below 10 and 30 day MA's at the end of the trading week (move to further bearish potential list).

Trade ativo

UPDATE (week ending 01-Nov): Share price closed below 10 and 30 day MA's at the end of the trading week. Consider lowering stop to above the open of 29th October (support/resistance area - i.e.: slightly above $5.49) in order to preserve profits.

Nota

UPDATE (week ending 08-Nov): Share price closed between 10 and 30 day MA's at the end of the trading week. Share price did test the lowered stop suggested in last week's note on 6th November, but did not activate the stop loss. Observe for any sudden rise in RSI or decline in ADX on the DMI indicator.

Nota

UPDATE (week ending 15-Nov): Share price closed below 10 and 30 day MA's at the end of the trading week with increasing momentum to the downside towards the end of the week. Charts suggest lowering profitable stop to slightly above the open of 1st November (i.e.: $5.34) in order to capture profits from the trade, just in case of any sudden upswings in share price and shifts in momentum (and to provide 'wiggle room' for the trade).

Nota

UPDATE (week ending 22-Nov): Share price closed below 10 and 30 day MA's at the end of the trading week with charts suggesting consideration of lowering protective stop to above swing top of $5.20 from the week in order to protect profits from the short trade (for those wishing to be aggressive - otherwise, last week's suggestion allows conservativism).

Nota

UPDATE (week ending 29-Nov): Share price closed below 10 and 30 day MA's at the end of the trading week with charts suggesting consideration of observing market reaction at support level of $5.05 from the open of 19th November, noting sudden rise of RSI on the daily chart. Resistance level of $5.20 noted in last week's note confirmed from this week's price action - charts suggest lowering protective stop to just above that level to protect profits at the very least.

Nota

UPDATE (week ending 06-Dec): Share price closed below 30 day MA and exactly on the 10 day MA at the end of the trading week, with charts maintaining suggestion to consider observing market reaction at support/resistance level of $5.05 from the open of 19th November, remembering the rising RSI on the daily chart. Suggestion to also keep a keen eye on the previous resistance level of $5.20 level noted last week as the protective stop area.

Nota

UPDATE (week ending 13-Dec): Share price closed below 10 and 30 day MA's at the end of the trading week, with charts suggesting a consideration of lowering protective stop to above prior resistance of $5.05 from open of 19th November. Also note that the share price appears to have bounced of a prior support level of $4.70 during the trading week, which is a level that seems to have been established from the open of 12th September 2017. Observe continuing stubbornness of the rising RSI on the daily chart, suggesting the need to tighten stops with any remaining positions here whilst the stock looks for further direction.

Trade fechado: stop atingido

UPDATE (week ending 20-Dec): Protective stop activated 17th December in order to preserve decent profits. For anyone still with a position at the end of the week, the share price closed between 10 and 30 day MA's at the end of the trading week, allowing traders the opportunity to cover positions at an even better price opportunity - time to be grateful for a decent profit and move to the next trade now that the trend of lower highs and lower lows is officially over for this short opportunity over the past couple of months.

Ivory_Wolf

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