Bank Saint Petersburg (BSPB) shares are recommended for purchase:
– Quotes are in an upward cycle;
– The price fell to the correction zone;
– There is a buy signal from the zone in the form of an engulfing bar.
The trade is entered with a pending Buy Stop order at 65.75. We place a stop order behind the bar formation in the area of 63.5, and set the Take Profit in a ratio of 1: 2 in relation to the stop at 70.75.