Bearish potential detected for CRN

As noted in the latest video update for the week ended 05-Apr, detected in the weekly scans (detailed commentary and full scan results available in the signature below), CRN represents a potential bearish opportunity should momentum continue and newer lows be made past the current position. As noted, the trade activated on 05-Apr, however caution should be advised considering upcoming earnings in the near future (approx. 24-Apr).

Stop loss for the trade (based upon the Darvas box formation) would be:
(i) above the resistance level from the high of 3rd April (i.e.: above $1.255).

交易進行:

UPDATE (week ending 12-Apr): Share price closed above 10 day moving average, so share price now within "no man's land territory" between 10 and 30 day moving averages, however suggestion would be to be wary of the rising RSI, especially if DMI bearishness decreases sharply (especially with earnings around the corner).

手動結束交易:

UPDATE (week ending 19-Apr): Share price closed firmly above moving averages and the trade is now close to earnings (suggest closing out any positions - remove from watchlist). Warning signs present with sharp rise in RSI during the week (discussed in week ending 12-Apr).