$BABA Sometimes the market gets it wrong
Yesterday was a typical knee jerk reaction to weekend news. Alibaba sold off to test $58 (-20%) early in the session, just to recover a bit and close at $63,15
I think the market got the fire sale on Chinese listed tech companies wrong
I'm expecting a short term bounce to close some gaps that was the result of this sale
Buy price $58,83
Target price is $69,50
Stop loss just below yesterday's LOD $58
I think the market got the fire sale on Chinese listed tech companies wrong
I'm expecting a short term bounce to close some gaps that was the result of this sale
Buy price $58,83
Target price is $69,50
Stop loss just below yesterday's LOD $58
Trade closed: target reached
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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.
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.