Activated outside week and bearish potential for KLS

Detected 07-Jun (detailed commentary and full scan results available in the signature below). Activated 11-Jun.

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

Entry conditions:
(i) lower share price below the level of the potential outside week noted on 04-Jun.

Stop loss for the trade would be:
(i) above the swing high of 27th May (i.e.: above $5.52), since trade activated.

Zlecenie aktywne:

UPDATE (week ending 21-Jun): Share price closed below both 10 and 30 day MA's at the end of the trading week and is testing the bottom of the range of the initial outside week identified ($5.03). Suggestion to observe this level of interest and for any sudden rise in RSI and cross-over in DMI to suggest a sudden snap-back in share price to the upside against the short position.