Anyone buying baba?

Forexbae
2021-11-18

Hey guys, Let me know what ya'll think bout buying $Alibaba(09988)$

Price is at the ichimoku and stochastics trendline support. On top of that, it's on a graphical horizontal support where the 50% Fibonacci retracement is. Seems like a strong support zone and I'm hoping price bounces off 156.4 to 165.1 where the horizontal swing high resistance and 38.2%Fibonacci retracement is. I'll have my stop loss at the 61.8% Fibonacci retracement at the last support level at 151.2. In case I'm wrong, I'll be able to get out of the trade fast! If this set up is right though, it's a 1:2.3 risk to reward.

Entry:156.4[Smile] 

Take Profit:165.1[Miser] 

Stop Loss:151.2[Cry] 

$Alibaba 5xShortSG230202(DAGW.SI)$

$Alibaba 5xLongSG220608(DGFW.SI)$

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精彩评论

  • TwoDeMoon
    2021-11-22
    TwoDeMoon
    All i want to say is that i buy when others are fearful, everyone crying then its best point to enter. Exit when others are euphoric. DYODD as always. For me 140 enter n wait for rebound to 180
  • KYHBKO
    2021-11-19
    KYHBKO
    following the earnings, it should take days before the price bottoms up. need to go through the fundamentals before investing
  • HUATAH888
    2021-11-18
    HUATAH888
    stay away....
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