Target 1 Reached
And there we go, first target reached on the Alsi Sep 17 future for a nice profit of 420 points. The price started to retrace from target price 1 and might continue before it moves lower once again. I am more than comfortable to take my profits from target price 1 and move on to the next one.
- ENTRY (Sell): 49320
- STOP: 49780
- TARGET PRICE 1: 48900
- TARGET PRICE 2: 48559
Always remember to apply your risk management measures before placing your trades as this will keep you trading in the markets.
Read more notes by Barry HERE.
Barry Dumas | Trading Specialist at GT247.com
Disclaimer: Any opinions, news, research, analyses, prices, or other information contained within this research is provided as general market commentary, and does not constitute investment advice. GT247.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. The content contained within is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
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