Juliia
Short

BABA - continue falling to a new minimum?

NYSE:BABA   Alibaba Group Holdings Ltd.
On the weekly time frame, with a price of $ 150.3, it is possible to continue falling to a new minimum or continuing correction from the last rise. There is a MACD divergence on the daily time frame.

Scenario 1: entry with a delayed stop sell order at $ 150.3, stop 151.5, profit 145, it is possible to fix a part of the profit, as it is possible the price will go again at $ 135

Scenario 2: tighten the stop sell order for the price, when falling it is possible to hook more profit, but in this case the stop will be $ 160.5, and the entrance is not yet clear

When fixing the price for $ 160.5 short canceled

Tripped stop sel at $ 154.9 has worked, a short position is open, stop until the close of the day by $ 158.3
Trade closed: target reached: Out at $ 148 stop, profit + 4.5%
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