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bigfry
Apr 5, 2018 12:39 AM

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

Alibaba Group Holding LimitedNYSE

Description

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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Good luck trading, and please follow me or check out my blog if you like my trading ideas.

Comment

Price action looking good, we could see a bounce to close this week off.
Comments
TradingStatistics
Nice setup
bigfry
@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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