Stock Of The Day / 02.14.25 / BABA
02.14.2025 / 
BABA #BABA
Fundamentals. Positive news about the planned meeting of Xi Jinping with top private sector leaders, including Alibaba.
Technical analysis.
Daily chart: The price is near the upper limit of the wide range of 60-120.
Premarket: The price is trading in range on increased volume after the Gap Up. We mark the premarket low of 125.30.
Trading session: The price goes below 125.30 after an unsuccessful attempt to update the premarket high. Then we observe retest the level from the opposite side around 10:00 am. We consider a short trade to continue the downward movement in case the level of 125.30 is hold.
Trading scenario: #pullback along the trend to level 125.30
Entry: 124.80 when the level is held and the exit down from the trading range under the level.
Stop: 125.43 we hide it behind the level with a small reserve.
Exit: The trade is opened against the global trend, so we fix the profit at the first signs of weakness of the downward movement. Close part of the position at a price of 121.76 when a reversal candlestick pattern with an increase in volume appears. Close the remaining part of the position near the 122.70 when the higher high is updated and the structure of the downward trend is broken.
Risk Rewards: 1/4
P.S. In order to understand the idea behind the Stock Of The Day analysis, read the following information.
BABA #BABAFundamentals. Positive news about the planned meeting of Xi Jinping with top private sector leaders, including Alibaba.
Technical analysis.
Daily chart: The price is near the upper limit of the wide range of 60-120.
Premarket: The price is trading in range on increased volume after the Gap Up. We mark the premarket low of 125.30.
Trading session: The price goes below 125.30 after an unsuccessful attempt to update the premarket high. Then we observe retest the level from the opposite side around 10:00 am. We consider a short trade to continue the downward movement in case the level of 125.30 is hold.
Trading scenario: #pullback along the trend to level 125.30
Entry: 124.80 when the level is held and the exit down from the trading range under the level.
Stop: 125.43 we hide it behind the level with a small reserve.
Exit: The trade is opened against the global trend, so we fix the profit at the first signs of weakness of the downward movement. Close part of the position at a price of 121.76 when a reversal candlestick pattern with an increase in volume appears. Close the remaining part of the position near the 122.70 when the higher high is updated and the structure of the downward trend is broken.
Risk Rewards: 1/4
P.S. In order to understand the idea behind the Stock Of The Day analysis, read the following information.
Если у вас появились вопросы по данному разбору, у вас есть альтернативное мнение или вы хотите поделиться собственной акцией дня - добро пожаловать в Telegram t.me/stock_of_the_day_channel
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.
Если у вас появились вопросы по данному разбору, у вас есть альтернативное мнение или вы хотите поделиться собственной акцией дня - добро пожаловать в Telegram t.me/stock_of_the_day_channel
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.