IMD Alert Closed at the stop loss level of 0.68 with handy gains locked in

Trade Management

IMD Alert Closed at 0.68 at the sell Stop Loss level

 

IMD – Imdex Limited

Stock : IMD – Imdex Limited

Current Price : 0.705

Previous Buy Entry (Trigger Level) : 0.665

New Sell Exit Zone (Stop Loss) : 0.68

Potential Partial Exit Zone (Target) : 0.78

Status : On watch for continuation and Partial Exit

Company News : http://www.imdexlimited.com/investors

IMD is struggling at the highs but still looks set to pop higher. We are now watching for a minor inside higher low to build to take prices up through 0.75. Happy to raise the risk level to lock in a small gain while targeting a partial exit around 0.78. Now to sit back and watch the action play out.

 

ORIGINAL ENTRY ALERT 13/6/17

Stock : IMD – Imdex Limited

Current Price : 0.63

New Buy Entry (Trigger Level) : 0.665

Potential Sell Exit Zone (Stop Loss) : 0.60

Status : On watch for Buy Entry Trigger

Company News : http://www.imdexlimited.com/investors

IMD is looking great both on the daily and weekly charts and is in prime position to break higher. Price action is holding a higher low around the 0.60 zone which may be the start of a new leg up. We are now watching for the buy entry trigger level to be hit and then will hold risk at 0.60. If price pushes lower prior to entry to 0.60 or below, then we will re-assess the price action.