Buying dip in Alrosa #2020/7

The week is far from being over and it is the middle of the month. So basing my trade on W and M charts are a bit premature. However, broad bullish sentiment that moved OANDA:SPX500USD , TVC:USOIL , OANDA:XCUUSD , OANDA:XAUUSD etc. make me conclude that MOEX:ALRS being a mining company is also moving to new highs or forming a bullish pennant .

Risk - 0,24% of my capital
TIme horizon: approx 6 months
Exit strategy: close 50% of the position at 107.6, move SL to 0 loss and wait for the pennant to confirm before adding
I will consider adding midway if there is welcoming price action.

Trade chiuso: stop raggiunto: Unless price suddenly recovers to form a reversal pattern there is no rationale to hold on to the trade.
Home Screener azioni Screener forex Screener cripto Calendario economico Come funziona Caratteristiche Grafico Costi Regolamento Moderatori Soluzioni per broker & siti web Widget Librerie grafiche Chiedi aiuto Suggerisci funzionalità Blog & Novità FAQ Wiki Twitter
Profilo Impostazioni profilo Account e fatturazione Chiedi aiuto Idee pubblicate Follower Seguiti Messaggi Privati Chat Esci