BABA - continue falling to a new minimum?
On the weekly time frame, with a price of $ 150.3, it is possible to continue falling to a new minimum or continuing correction from the last rise. There is a MACD divergence on the daily time frame.
Scenario 1: entry with a delayed stop sell order at $ 150.3, stop 151.5, profit 145, it is possible to fix a part of the profit, as it is possible the price will go again at $ 135
Scenario 2: tighten the stop sell order for the price, when falling it is possible to hook more profit, but in this case the stop will be $ 160.5, and the entrance is not yet clear
When fixing the price for $ 160.5 short canceled
Tripped stop sel at $ 154.9 has worked, a short position is open, stop until the close of the day by $ 158.3
Scenario 1: entry with a delayed stop sell order at $ 150.3, stop 151.5, profit 145, it is possible to fix a part of the profit, as it is possible the price will go again at $ 135
Scenario 2: tighten the stop sell order for the price, when falling it is possible to hook more profit, but in this case the stop will be $ 160.5, and the entrance is not yet clear
When fixing the price for $ 160.5 short canceled
Tripped stop sel at $ 154.9 has worked, a short position is open, stop until the close of the day by $ 158.3
Trade chiuso: obiettivo raggiunto:
Out at $ 148 stop, profit + 4.5%