One can Look for Adding shorts in BABA , and Book it near the forecast
buy around 239.70 for T1 248.30 T2 255.80 sl closing under 236.15
I will take the opening to get LONG on ALIBABA stock. 2 scenarios: a- MARKET open and price go straight to R2 pivot level at 200 b- A retest around 192 ish level to target R2 pivot level at 200 Obvisously scenario 3 with invalidation at 187 level (which is ok and included in the risk management). Happy trading
BABA BELOW 173 DOWNTREND TGT >>>>> 168 TGT >>>>> 164 STOP>>>> 175.6
ENTRY @167.25 STOPLOSS 165.25 TARGET OF 171.25 VERY SHORT TERM OF 56 HOURS.
-Huge volume cup and handle breakout in Alibaba. -Buyers came in in large numbers as the stock crossed $200 mark. -Should move higher if $200 level holds. -Stock is strong uptrend. Not an investment advice. Do your own due diligence.