CYC – Cyclopharm Limited | Aussie Stock Forums

Good that you are looking at weekly charts. This one certainly qualifies as a weekly break-out opportunity.

The first question I ask is where is a tested support level that I can use a a stop loss position. On the weekly chart it seems to be about 0.25. That is a long way away from an entry at 0.63.

I then look at the daily chart to see if there is a closer price level to use.

The daily chart shows me quite clearly that there is no volume traded in this stock for many days. I can’t possibly trade this company’s shares as there is insufficient volume for me.

All I’m saying is that there is no low risk trading opp in this chart for me even if their price goes to $100.

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