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+100 pp profit on range breakout for AFK Sistema shares


Greetings! Today we managed to take about +100 pp for the initial volume of Sistema shares.

The company is paying off its debts, investors are positive about the future, which has resulted in a powerful upward trend – in recent months, the share price has grown from 9 to 16.5 rubles at the moment! Quotes have pulled back from their peak values ​​and have been trading in a range since the end of November, today I managed to take a way out of this range.

The big picture:


Click to enlarge.

In the morning, the paper drew a new low in the grinding with the Friday extreme, but they could not break it right off. I had to wait more than 4 hours, after lunch we updated both lows, where I managed to sell (marked with a red triangle):


Click to enlarge.

A few minutes after entering, it closed half of the volume with a profit of 41 pp. The rest was closed during the trading session in parts, fixing from 131 points to 178 points. On average, it turned out about 100 pp of profit for the entire volume. Minute chart:


Click to enlarge.

The best option would be to fix everything on a large impulse, but I was counting on further downward movement and the 14.85 update, so I waited. It’s good that they didn’t roll back to the breakout point! 🙂

That’s all, good trades, bye!

Criticism, thanks and questions in the comments are welcome! :))


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