BABA - Successful Short Opportunity
BABA stock showed relative weakness and I decided to short it in my TradingView Paper Account at Overbought levels.
Remember to short from the top, buy from the bottom!
The trade has done fantastically and will make about 6k from 250 shares sold short.
May exit it today as it's back in the red Fibonacci, reaching oversold levels, and the 50 EMA at $211 is higher than the profit target.
Happy trading. Get your net worth up! Pay off that debt!
Remember to short from the top, buy from the bottom!
The trade has done fantastically and will make about 6k from 250 shares sold short.
May exit it today as it's back in the red Fibonacci, reaching oversold levels, and the 50 EMA at $211 is higher than the profit target.
Happy trading. Get your net worth up! Pay off that debt!
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