BABA Bottom Fishing
I like the pain that has been delivered to this stock with 90%+ BUY ratings losing ~30% of it's value over the past few months.
I also like how we have some old supports nearby to use.
The gap from 126-133 looks so obvious that I question if it will be filled on the first attempt by bears - I'd rather not find out on this trade.
Entry: 139.78
Stop: 136.98
Target: 148.98
I also like how we have some old supports nearby to use.
The gap from 126-133 looks so obvious that I question if it will be filled on the first attempt by bears - I'd rather not find out on this trade.
Entry: 139.78
Stop: 136.98
Target: 148.98
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