BABA Long
Updated
We are already positioned in this at a lower price, however a new opportunity has presented itself after the recent price action.
We have a rising three valleys pattern indicating accumulation after this perfect bullish Gartley.
Along with this Baba is showing clear bullish divergence and is currently backtesting the $78 zone which has been a historical key level.
Sizing up risk with a SL below the low gives us a great RR and plays the pattern. Good luck and we will update. Earnings are in over a month which gives the stock some time to move before.
We have a rising three valleys pattern indicating accumulation after this perfect bullish Gartley.
Along with this Baba is showing clear bullish divergence and is currently backtesting the $78 zone which has been a historical key level.
Sizing up risk with a SL below the low gives us a great RR and plays the pattern. Good luck and we will update. Earnings are in over a month which gives the stock some time to move before.
Note
We are at a critical level, so far so good. SL can be moved up to 73.82, cutting our risk down significantlyNote
Major breakout and development on Baba, beautiful price action for the patient ones. Note
After months of following this asset and 3 different trade setup updates, we've finally smashed TP1 with an incredible pump today, 50% off the table for now. Well done everyone that bought in!Note
We took some more profits around the 115 mark last week, early before tp2 because it is very extended. Trade active
This is why taking profits early when extended is always a great option. Now we have come back down and aren't stuck holding a big stack. Long term we are still bullish above 86$, lets see if some pa develops. 
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