$BABA: Long if breaking up...
Updated
Alibaba has a nice potential setup here, which could trigger if we break over last week's high here. Stop can be tight as the move should have strong momentum. Reward to risk is over 4.43R, which is tremendous potential for a swing trade here. If it breaks down instead of up, this trade idea is cancelled, but we could find a short entry trigger, depending on how it moves this week.
Best of luck!
Ivan Labrie.
Best of luck!
Ivan Labrie.
Trade active
Trade is active, order filled, exit at stop or target...Comment
(long side)Trade closed: stop reached
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