Accelerating the LKOH trade 2020/8aI have noticed something that I think is ABC pattern which allows to effectively double the previous trade while keeping the same risk exposure.
ABC pattern is confirmed by divergence with indicators and by PA against support level on 1H chart.
Moving stops and doubling the position. Everything else is as per 2020/8 trade.
Risk reward has gone up to 5.8
Transneft triangle Transnet is a monopoly and pays not bad dividends, is in good health and has a high net worth. It is state-owned. Could be a nice long-term stock to have.
It is a low risk / low return trade (RW ration is 2).
Risk exposure is slightly above my threshold 0,6% of total portfolio and company exposure is 7% (lots are expensive)
Trade horizon: until the end of the year (6 months)
Exit strategy: 100% at TP and then upon confirmative PA short the stock
Sberbank's shares Eliot Analysis According to Eliot Analysis Sberbank ordinary shares are completing the third wave included in last fifth wave of higher order.
Shorting Lukoil #2020/5Surfing charts I stumbled upon a geometrically clean triangle. Will attempt shorting MOEX:LKOH .
My rules cap exposure to one company at 5% of the portfolio. It limits the risk of this trade to just 0,17% of the total portfolio. Good, because shorting is not my strongest skill + the trade will involve some cost of short selling.
Pattern: triangle in something looking like a 4rth wave.
Exit strategy: 5th wave often equals to 1st wave and also to the widest part of a 4rth wave. Exit with fixed TP.
Horizon: 1 week
