Daniel.B
Short

Short Speculation.

NYSE:BABA   ALIBABA GROUP HLDG LTD
98 0 1
Hi all, well the short is pretty simple. I've waited for BABA to make another meaningful bull run before establishing another short position. Price came up to the descending trend line and I started shorting once price came up above the VWAP shortly after the open.

Stop-loss is placed slightly above the previous highs at 81.75. Overall target is 65.47 and I'll be taking partial profits at 73.20.

Trade is in and all we can do is sit back and enjoy the ride. Happy trading all!
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