ALMS shot up from about 13 to 28 (the pole), then drifted sideways-down in a small channel (the flag). Price has now pushed above that flag and is testing its all-time high near 30.64. This is a classic flag breakout — often a sign the uptrend continues.
Plan — buy in two parts:
Buy 1 (50%): now, around 28.65
Buy 2 (other 50%): only after a weekly close above the all-time high, around 30.65
Stop loss: below 25.60 (if it drops back into the flag, I'm out)
Why two parts: the first buy gets me in on the breakout. The second buy waits for the all-time high to actually break on a weekly close, so you don't get faked out at resistance.
Get out of trade if it closes back below 25.60 on the weekly.
Plan — buy in two parts:
Buy 1 (50%): now, around 28.65
Buy 2 (other 50%): only after a weekly close above the all-time high, around 30.65
Stop loss: below 25.60 (if it drops back into the flag, I'm out)
Why two parts: the first buy gets me in on the breakout. The second buy waits for the all-time high to actually break on a weekly close, so you don't get faked out at resistance.
Get out of trade if it closes back below 25.60 on the weekly.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.