BABA high probability setup
BABA
I see a lot of confidence here
1. Head and shoulders pattern on daily, 3h.(one of my favorite pattern)
2. Risk reward to the upside, we really needs to stay and hold above 75.50, 78 and after BABA can see 88 then 90 very quick, I never use stop loss but my mental stop loss will be 70 per stock.
3. Possible chineese market find the bottom, and its great global company which suffer only because it located in China.
Its one of my top-5 holdings in long-term account, and now I will try to find an entry to buy some stocks in my swing account and stock option account.
I see a lot of confidence here
1. Head and shoulders pattern on daily, 3h.(one of my favorite pattern)
2. Risk reward to the upside, we really needs to stay and hold above 75.50, 78 and after BABA can see 88 then 90 very quick, I never use stop loss but my mental stop loss will be 70 per stock.
3. Possible chineese market find the bottom, and its great global company which suffer only because it located in China.
Its one of my top-5 holdings in long-term account, and now I will try to find an entry to buy some stocks in my swing account and stock option account.
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