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dmamaril
Jul 16, 2020 4:20 AM

BABA - China's Growth Long

Alibaba Group Holding LimitedNYSE

Description

China reported great recovery numbers and caused the market to pump, however there's a lot of tension with regard to the situation in Hong Kong, therefore making this pick somewhat risky. Take profits when you can and keep that trailing stop loss tight. We can easily pick up the 1:5 trade and be happy with it, but there's a real possibility that we can break past the gap and push for the 1:10 trade.
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