Yesterday was a typical knee jerk reaction to weekend news. Alibaba sold off to test $58 (-20%) early in the session, just to recover a bit and close at $63,15
I think the market got the fire sale on Chinese listed tech companies wrong
I'm expecting a short term bounce to close some gaps that was the result of this sale
Buy price $58,83
Target price is $69,50
Stop loss just below yesterday's LOD $58
I think the market got the fire sale on Chinese listed tech companies wrong
I'm expecting a short term bounce to close some gaps that was the result of this sale
Buy price $58,83
Target price is $69,50
Stop loss just below yesterday's LOD $58
Trade closed: target reached