Lanmar
Long

Target for BABA

NYSE:BABA   ALIBABA GROUP HLDG LTD
68 1 1
My profit target is 135
Comment: Trade reflection: One month channel breakout on the daily. Entry at 109 - stop on the break and close of the red dashed line (105). Good R/R.

Intense trend continuation subsequent to stop breach - indicative of good stop placement.
December 23rd was the day to cut losses since it broke and closed below critical support. Price retraced back into diagonal support for additional confirmation. This is an example of having a fundamental/emotional bias if you still held it, as I did.
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