Bullish potential detected for XRO
Xero Limited ASX:XRO
Entry conditions:
(i) retracement back to potential support area of $74.88 (support level of 27th May) for
XRO
, and
(ii) observation of market reaction at this potential support area noted above.
Depending on risk tolerance, the stop loss for the trade would be:
(i) below the rising 15 day EMA (currently $71.79), or
(ii) below the rising quarterly VWAP (i.e.: $70.30), or
(iii) below the recent swing low of 3rd August (i.e.: below $69.04).
