Thoughts on buying baba??_老虎社区_美港股上老虎

Thoughts on buying baba??

Forexbae
2021-11-11

Hey guys! Give me your thoughts on $Alibaba(09988)$. It seems like it’s respecting the support on the ichimoku cloud and the graphical overlap support. Plus it’s at the support of the stocastics indicator so….im looking to get in for a buy. It’s at the 50% Fibonacci retracement level at 155.8. I’ll probably take profit at 172.1 where the 61.8% Fibonacci retracement area is and placed my stop loss at 141.2. I might just move my SL somewhere tighter if it really manages to break the ichimoku cloud to have a better risk and reward but for breathing space, tentatively it’s at 141.2.

Entry: 155.8 [Smile]

Take Profit: 172.1[Miser]

Stop Loss: 141.2[Spurting]

$Alibaba 5xShortSG230202(DAGW.SI)$

$Alibaba 5xLongSG220608(DGFW.SI)$

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Thoughts on buying baba??

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