BABA bounce 50
Updated
Bought at 35.5 (Feb 3 , 2020)
Stop slightly below 50MA (1 day atr)
Targets:
218.9 (1:1), 223.9 (2:1), or run back to highs
Note:
Play bounce of 50MA, I had my alert at 50MA so I entered. A bit late of an entry since I woke up late lol.
Intraday is above VWAP.
Looks like market is recovering from the corona virus scare, and with Spy bouncing off that 50MA.
Stop slightly below 50MA (1 day atr)
Targets:
218.9 (1:1), 223.9 (2:1), or run back to highs
Note:
Play bounce of 50MA, I had my alert at 50MA so I entered. A bit late of an entry since I woke up late lol.
Intraday is above VWAP.
Looks like market is recovering from the corona virus scare, and with Spy bouncing off that 50MA.
Trade active
Partialled half at 2:1 target, letting rest ride at CE trailing stop for nowTrade closed: stop reached
Opened weak today, stopped at entry point
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