Testing only Long

Alibaba Group Holding LimitedNYSE

Description

⋅ Mar 17, 2015 1:25 PM

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.

Comments

ccaru

⋅ Apr 10, 2015 2:43 PM

Placed stop just above breakeven to clear funds for better trades. This idea didn't work out.

ccaru

⋅ Mar 25, 2015 4:41 PM

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.