Buy BABA Because It's in the 165-175 Support Zone. Long

Alibaba Group Holding LimitedNYSE

Description

⋅ 5 avr. 2018 00:39

As you can see in the chart, BABA has seen aggressive buying whenever it reaches the 165-175 support zone.

Trade Idea: Place a stop just below 165, and a profit exit near the 190-195 zone.

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Commentaire

⋅ 12 avr. 2018 03:35

Price action looking good, we could see a bounce to close this week off.

Commentaires

TradingStatistics

⋅ 19 avr. 2018 20:39

Nice setup

bigfry

⋅ 19 avr. 2018 23:48

@TradingStatistics, Thanks, I like buying BABA at the bottom of the trading range. It's low risk with massive reward :D

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