BABA Breaking Out

8 Nis 2019

I am already long this trade from last week on a break from the triangle I've drawn which was an early entry. I'm looking to add to the position if /when it breaks above and closes higher than the Mar 2019 high of $188.08. The first target after breaking out is the $198 area. If it can clear that area I'd look for it to test the all time highs around $210.

The weekly chart suggests a continued up trend BUT, we do need to clear that $188 area as we are in an inside month.

This is not investing advice, I post these trades to help hold myself accountable. Comments and feedback always welcome.

10 Nis 2019

İşlem elle kapatılmış

Closed on 4/10 @ $186.59 for a profit... It seems to be moving down on the BIDU downgrade... I will keep an eye on this for possible future entry over the $188 area.