Bullish potential detected for DEV

Detected 10-May (detailed commentary and full scan results available in the signature below). Not activated as at time of review of 10-May, however did activate on 15th/16th May.

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

Entry conditions:
(i) higher share price above the day of the volume spike (10th May) 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 19th February (i.e.: below $0.345), or
(ii) below the support level from the low of 4th March (i.e.: below $0.33), depending on risk tolerance.

Сделка активна:

UPDATE (week ending 24-May): Share price ended the trading week above both 10 and 30 day MA's after testing the 10 day MA on 23rd May.

Сделка активна:

UPDATE (week ending 31-May): Share price ended the trading week above both 10 and 30 day MA's.

Сделка активна:

UPDATE (week ending 07-Jun): Share price ended the trading week between the 10 and 30 day MA's after testing the long-term support level from February ($0.345).

Сделка активна:

UPDATE (week ending 14-Jun): Share price ended the trading week closing below the 10 and 30 day MA's after testing the long-term support level from February ($0.345) yet again.