BABA confirmed the uptrend and this dip is a good long opportunity.
Long anywhere here.
Target 1 - 120
Target 2 - 150
Target 3 - 170
Stop Loss - 80
Long anywhere here.
Target 1 - 120
Target 2 - 150
Target 3 - 170
Stop Loss - 80
Trade active
I kept adding in every possible dips. This gonna be a swing trade for months considering a very good R:R potentialNote
I've trimmed 3/4th of my position incrementally. Reporting earnings tmrw morning. If it goes straight up to 150, that would make me worry but if we've a meaningful pullback and good guidance, I'm gonna add back more.
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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.