Bearish continuation on Baba?

Forexbae
2022-04-21

Hey everyone. Anyone else looking at $Alibaba(09988)$ ?

I dont see any indication of price turning back with price still moving comfortably below the ichimoku. I'm looking to get into the continuatuin if price pulls back to 90.50 where the 50% Fibonacci retracement is and play it to the next fibonacci retracement level at 81.20. My stop loss will be placed at 92.75 where the last reaction was.

Entry: 90.50

Take Profit: 81.20

Stop Loss: 92.75

$Alibaba 5xLongSG220608(DGFW.SI)$ 

$Alibaba 5xShortSG230202(DAGW.SI)$ 

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Comments

  • MortimerDodd
    2022-04-21
    MortimerDodd
    I feel like Alibaba could bounce back in the next few days.
  • jas68
    2022-04-23
    jas68
    sounds good. good luck
  • DonnaMay
    2022-04-21
    DonnaMay
    I approve of your trading plan.
  • PandoraHaggai
    2022-04-21
    PandoraHaggai
    Setting a stop loss is very important.
  • JC888
    2022-04-21
    JC888
    ??? Not sure also... Yay
  • Yao84
    2022-04-21
    Yao84
    ye s
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