Hey guys! Wondering if anyone else is also looking at $Alibaba(09988)$
Price has been moving in a downtrend and personally i dont think it will be turning back anytime soon. I'm looking to get in on the continuation at 107.9 where the overlap resistance is. Will probably short it to 96.9 where the 161.8% Fibonacci extension and 100% Fibonacci projection is and have my stop loss at 110.9 where the next overlap resistance is at.
Entry:107.9
Take Profit:96.9
Stop Loss:110.9
$Alibaba 5xShortSG230202(DAGW.SI)$
$Alibaba 5xLongSG220608(DGFW.SI)$
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Comments
shorting at $100... means shortists got alot of spare money to burn
what meat is left to short at 100 ?