BABA had a nice breakout and retest in July which led to a huge rally. Good sized pullback today, currently sitting around a previous swing high at 102.50. I'd expect this to flip to support here on the first retest.
I usually like to avoid China stocks in general and there is a lot going on right now with all the stimulus news and volatility that has come with it. Important to be aware of the risks involved with trading China stocks. That being said, looks like a great long opportunity here with a stop below 102.50. I'd give it a little wiggle room, but not much.
I usually like to avoid China stocks in general and there is a lot going on right now with all the stimulus news and volatility that has come with it. Important to be aware of the risks involved with trading China stocks. That being said, looks like a great long opportunity here with a stop below 102.50. I'd give it a little wiggle room, but not much.
You reap what you sow.
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Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
VIP Lifetime Access Program:
ko-fi.com/c/0cb5bf9514
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
You reap what you sow.
VIP Lifetime Access Program:
ko-fi.com/c/0cb5bf9514
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
VIP Lifetime Access Program:
ko-fi.com/c/0cb5bf9514
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.