Alibaba Buy Opportunity
Diupdate
Alibaba BABA stock has triggered long with with 200EMA as a support. At the moment as long as the stock hold above the 200EMA I will be comfortable with the trade till the Target hit.
You can enter now or wait for a retracement towards 170. Personally Im long from 166 levels from initial signal.
If this has a End Of Day close below the 200EMA and break that candlestick, I would come out early.
For the moment Target is 184 to 189
Stops - 159 or close below 200EMA
You can enter now or wait for a retracement towards 170. Personally Im long from 166 levels from initial signal.
If this has a End Of Day close below the 200EMA and break that candlestick, I would come out early.
For the moment Target is 184 to 189
Stops - 159 or close below 200EMA
Catatan
Alibaba NYSE:BABA is going nicely for the moment. We have 200EMA around 168 levels which will act as a support for the trade.
For more advance traders,you can look to take half the position close at 184 and keep a tight stops below 164 (recent lows) to protect the trade.
Trade aktif
Alibaba is stalling in these areas 177-180, Im going to monitor this close as this stock can lose its momentum to the up side. Still no change to the targets trade...
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