This is an aggressive trade, please refer to my previous analysis for more details. The bearish theory is based on the wave theory. This is a challenging stock to trade! I couldn't predict the short-term stock movement by using patterns and support line. Our goal is to get some quick cash and buy some long-term options with the house money.Traders make mistakes, that how other traders make money! I do not recommend this trade for an unseasoned trader. If the top or the bottom support break, the chart will be updated. The trading is active for now!
Trade active
Short 185.48 with Stoploss 186.66Trade closed: stop reached
This stock! 4th try at 191.00Trade closed manually
Stupid stock! I have to allocate the capital to more fruitful trades. I took back what you took from me! hahaha!Note
BABA BEAR / BULL (This is for FYI only) is still valid.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.