BABA Bottom Fishing
I like the pain that has been delivered to this stock with 90%+ BUY ratings losing ~30% of it's value over the past few months.
I also like how we have some old supports nearby to use.
The gap from 126-133 looks so obvious that I question if it will be filled on the first attempt by bears - I'd rather not find out on this trade.
Entry: 139.78
Stop: 136.98
Target: 148.98
I also like how we have some old supports nearby to use.
The gap from 126-133 looks so obvious that I question if it will be filled on the first attempt by bears - I'd rather not find out on this trade.
Entry: 139.78
Stop: 136.98
Target: 148.98
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.