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Needlez33
Feb 25, 2024 8:18 PM

Baba to $85 in 2 to 3 weeks Long

Alibaba Group Holding LimitedNYSE

Description

200ema crossover in the works and overall baba seems to have found it's bottom. Looking to enter around $77 with at least a 2 point stoploss. 10 points is a conservative price target.

Trade active

Currently waiting for a $75.50 long entry. Finally taking a position. SL for me will be $74.50. PT remains $85

Trade active

My long entry did not trigger yesterday. Currently waiting for a $75.10 long entry.

Trade closed manually

Exited my long positions and letting my puts ride for now. A better price for longs will be on the way.
Comments
mommymiles
i was looking at this today. i saw 75 - 78. let me look again.
Needlez33
im going in now with a 2 call:1 put ratio. SL at $74.50.
MikeZack8
Could you please keep us updated when you get in. Thanks in advance!
TradesTyrone
Stop loss hit?
Needlez33
@TradesTyrone, my long entry didn't trigger so I never got in. Still waiting...
schumideena
How come sir when the price is below you long entry of 75.5
Needlez33
@schumideena I'm bullish on baba so I'm trailing it by lowering my call entry. I think, " why go long now if there's a better price?" I could never catch the bottom but I'd like to catch the beginning of a pop or a rally if I could.
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