TIGR

3 Jan 2021

The paper stood for a year and a half in accumulation, burst out to the top and simultaneously formed 2 patterns in long - flat accumulation and reverse H&S on top, a rare figure of technical analysis in such a place. The breakdown of the resistance level has already taken place, the retest has also taken place, everything is ready for growth (see the white oval circle). There are 2 growth targets - plus 40% to 10.23, and the second plus 126%, to the level of 16.56. Short-term trade - from several weeks to several months. We do not put a stop, it is not needed here.

19 Jan 2021

Nota

There is very little left until the second goal is fulfilled, I recommend starting to exit, first 50% of the position size, then 25%, and upon reaching the goal - the remaining 25%. Why do I give such a recommendation - because the volatility of this security is too high.

21 Jan 2021

Nota

The deal has reached its targets, I close the trade