Trade Idea: Supply Network Limited (ASX: SNL)SNL has demonstrated impressive resilience, staging a sharp V-shaped recovery and returning to all-time highs despite broader market uncertainties. The stock’s ability to maintain strength through news-driven volatility highlights robust underlying momentum.
With overall market volatility currently at manageable levels, a small initial position is warranted to participate in the ongoing uptrend, while maintaining disciplined risk management.
Entry Strategy:
Initiate a small long position at current levels to capitalize on potential continuation of the uptrend.
Risk Management:
Set an initial stop-loss at $36.21, representing a controlled downside risk of approximately 5.7% from current levels.
This setup allows for participation in the momentum while maintaining tight risk controls in case the trend fails to follow through.
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