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