artemfedorov

POSI - Russian leader in cybersecurity

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artemfedorov 已更新   
MOEX:POSI   PJSC Positive Group
The actuality of cybersecurity for Russia in the absence of global brands becomes even sharper and provides unique opportunities for the best local provider to capture growing market share.

Stock price technical perspective still illustrates strong up-trend, with some caution signals to be mindful about if one decides to trade it.


On a weekly time-frame, price is solidly supported above the 10w MA, that is crucial for me to consider trading the upside of any stock. Although, I cautious about important fibonacci resistance levels at 2500 area. I price will not be able to follow-through its recent break-out attempt from 5 weeks flat base and move above 2500 zone, than I have hard times considering wave 4 finished, and will expect more deep and long correction (probably to 2070-1850 support zone).


That being sad, in my trading, I try not to forecast, but to follow the price and volume dynamics. And when the set-up is favourable and I have positive traction in my personal portfolio, I will take it without any hesitation.

Thesis: Above 2415 line and I expect price to follow-through and move towards 2600-2800 resistance zone. Below this line and I am out, and wait either for more tight entry set-up or stepping on the sidelines at all.
交易進行:
Entered on 2nd and added to the position on the 4th October with final purchase this Friday with total average cost around 2440 area.
評論:
Took 30% of profit to finance the risk

Мой телеграмм канал: t.me/marketartistry
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