This is my short term position in NATIONALUM
Why I took the position?
The fundaments of this company are strong due to that it has moved nicely in few months. When I took the trade it was consolidating and forming Descending Triangle Chart Pattern. I was pretty confirm that after consolidation and breakout this can give a pretty solid up move.
When did I Enter?
I entered before breakout as I was confirm about the up move.
How much Profits I made?
I am up nearly 30% as you can see the chart.
When I will Exit?
Once I get to see rejection on daily timeframe I will exit majority of my position.
Should you Enter Now?
NO, cause it's on All time high and take a pullback. You should buy low sell high.
Conclusion:
This is just for Educational Purpose. Do your own research to before taking any trades. I am also just learning. I am not an Financial Adviser.
Why I took the position?
The fundaments of this company are strong due to that it has moved nicely in few months. When I took the trade it was consolidating and forming Descending Triangle Chart Pattern. I was pretty confirm that after consolidation and breakout this can give a pretty solid up move.
When did I Enter?
I entered before breakout as I was confirm about the up move.
How much Profits I made?
I am up nearly 30% as you can see the chart.
When I will Exit?
Once I get to see rejection on daily timeframe I will exit majority of my position.
Should you Enter Now?
NO, cause it's on All time high and take a pullback. You should buy low sell high.
Conclusion:
This is just for Educational Purpose. Do your own research to before taking any trades. I am also just learning. I am not an Financial Adviser.
