Short Profit on BABA
Sweet bullish price action formed by last trading day.
Bullish engulfing pattern with higher volume after the accumulation stage near Point of Control.
Due to earning coming soon, target very near profit (probably 1:1) before the announcement (20th Aug) to avoid fluctuation.
Perhaps, tight stop-loss for those steel guts.
Bullish engulfing pattern with higher volume after the accumulation stage near Point of Control.
Due to earning coming soon, target very near profit (probably 1:1) before the announcement (20th Aug) to avoid fluctuation.
Perhaps, tight stop-loss for those steel guts.
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