NYSE:BABA   Alibaba Group Holdings Ltd
40 2 2
Long BABA on breakout of yesterday's high if the current lows hold. Stop just under the current lows with an initial target covering the 29/01 gap.
Placed stop just above breakeven to clear funds for better trades. This idea didn't work out.
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It is really important at this stage that the previous high is taken out. Watching closely as further signs of weakness will invalidate this setup.
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