Trade Review - ALGS
When stock showed up in screener showed a bullish continuation pattern on daily timeframe and a potential failure test / pullback on the higher timeframe downtrend, a bit near mean but was added to watchlist.
Execution chart.
Trade Overview
• Structure: Bullish Continuation (D)
• Position: Near Mean (D)
• Entry Trigger: Breakout (D)
Entry Details
• Entry Price: 11.13
• Stop Price: 9.38
• Target Price: 12.96
• Expected Risk/Reward: 1.05R
Exit Strategy
• Exit Price: 14.47 / 1.91R
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.