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.
거래청산: 스탑 닿음
⋅
Unless price suddenly recovers to form a reversal pattern there is no rationale to hold on to the trade.