Alibaba Group Holdings Ltd.
Short
Updated

BABA short

689
BABA still struggling despite a wider rally in other tech stocks., 74% confidence. Target is $67.32, S/L would be the previous swing high at around $78/
Note
Still letting this one marinate, price action is range bound however.
Note
Still riding price action downwards, however it's worth either moving your stop loss into profit or taking some profit from the trade here. Positive geopolitical headlines (if we get them) could spark a sharp rally.
Trade closed manually
Not going the way I wanted so closing it here

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.