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Alibaba Group Holdings Ltd.
Short

BABA SHORT OPPORTUNITY

By Med_In_Trade
Updated
Alibaba stock MIGHT have entered its consolidation channel after that majestic 1 year Bull run. I see a good set up/entry with that bear flag forming on the 1H. The RR is really to take the risk on this trade. As usual if you have nothing constructive to add, keep the negativity out.
Trade Safe!!
Trade active
I will keep monitoring this trade but I have took profit already as I don't really like living stocks trade open overnight. I might reenter. You can see the entry, S/L and final target on the chart.
Trade Safe!!
Trade closed manually
Wind is turning...
alibabashortalibabatradingsetupBABAbabasellbabashortBeyond Technical AnalysisChart PatternsTrend Analysis
Med_In_Trade

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