I'm considering placing a buy order a few points above current weekly candle. Given the outcomes of covid19 turning positive (mainly for China) I retain the possibility of Alibaba (aliexpress included) to be one of the first industrial giants to regain pace on the asian side. If price will break out from current trendline, I think an advance to 250 could be in the "masterplan" :).
Here's my strategy:
Scenario 1: price advances toward 250 -> will move my SL to Breakeven
Scenario 2: price advances toward 300 after some consolidation, will trail my stop every time price goes up by 10%.
Worst case scenario: this will turn out to be a false breakout and will get stopped out right beneath current weekly candle.
Though it is a bullish idea, I marked is as neutral, every order for me is a stand aside trading style.
Here's my strategy:
Scenario 1: price advances toward 250 -> will move my SL to Breakeven
Scenario 2: price advances toward 300 after some consolidation, will trail my stop every time price goes up by 10%.
Worst case scenario: this will turn out to be a false breakout and will get stopped out right beneath current weekly candle.
Though it is a bullish idea, I marked is as neutral, every order for me is a stand aside trading style.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.