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 
SPX500USD, 
USOIL, 
XCUUSD, 
XAUUSD etc. make me conclude that 
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.
SPX500USD, USOIL, XCUUSD, XAUUSD etc. make me conclude that 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.
Dagangan ditutup: hentian tercapai
Unless price suddenly recovers to form a reversal pattern there is no rationale to hold on to the trade.Nota
➡️t.me/charta_energeia — regular Elliott Wave and trend analysis on Oil, Gas, and Crypto.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
➡️t.me/charta_energeia — regular Elliott Wave and trend analysis on Oil, Gas, and Crypto.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.