kgiap123

BABA opportunity to buy around 200 ?

kgiap123 Updated   
NYSE:BABA   Alibaba Group Holdings Ltd.
Series of bearish candle towards 200 level.
Trend still up.
FiFT -ve (BEAR in control)
ATOM is neutral.

Wait for reversal candle around 200 and FiFT turn +ve
Trade active:
Hidden BUllish Divergence (Price Higher Low, Stochastic Lower Low)
Stochastic bouncing from Over Sold Area.
Price Action formed FT Bullish candle bouncing from EMA50.
FiFT turned +ve

Plan: Acculumate 30%. SL below EMA50/198
Trade closed: stop reached:
Hit my SL. Seems like hitting EMA200.
Out for now as plan SL hit.

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