Baba is definitely volatile and not for the faint of heart. As with everything please have a risk management system in place and do your own research. This isn't financial advice just pure speculation. I did forget to mention in the video that the moving averages are forming a death cross as well, further adding to my expectations.
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Have not entered....yet.
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I'm in with a 160p and a 162.5 stop loss.
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Moved my stop loss to $162
Trade closed: stop reached
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Still bearish. Will be looking to get in as originally planned
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reentered a bearish position at $165 today with a $167 stop loss. Love the timing with earnings around the corner...
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wow!!! Stop loss is $150 Get that money!
Trade closed: target reached
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I think the selling has exhausted at this point. Very happy that my profit was over 500%. Not only covering all the small losses i took but netting a nice reward. Congrats to all who jumped in with me... On to the next