Is $BABA taking one last nap?
*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
My team remains confident in the long-term success of
BABA (unless fined to death by China), but is it ready?
My team isn't too confident in the short-term price action of BABA. We believe that the e-commerce giant needs one more push down before finally being ready to hit our long-term target of $260. In the meanwhile we're setting a sell order forBABA at $206 and selling down to $190.
Although our short-term confidence inBABA is poor our original buy entry at $207 will remain (view previous posts for more info). These buy entries have a trailing stop loss of $208 to avoid taking any losses on the trade before our sell order activates.
If you want to see more, please like and follow us SimplyShowMeTheMoney
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
My team remains confident in the long-term success of
BABA (unless fined to death by China), but is it ready?My team isn't too confident in the short-term price action of BABA. We believe that the e-commerce giant needs one more push down before finally being ready to hit our long-term target of $260. In the meanwhile we're setting a sell order for
BABA at $206 and selling down to $190. Although our short-term confidence in
BABA is poor our original buy entry at $207 will remain (view previous posts for more info). These buy entries have a trailing stop loss of $208 to avoid taking any losses on the trade before our sell order activates.If you want to see more, please like and follow us SimplyShowMeTheMoney
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