Bearish continuation on Baba?

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

PandoraHaggai
2022-04-21
PandoraHaggai
Alibaba's stock price is now quite low.
ilango007
2022-04-22
ilango007
thanks for the trade idea. will give it a try.
EvanHolt
2022-04-21
EvanHolt
Thanks for your suggestion, I will refer to it.
MR_Wu
2022-04-21
MR_Wu
Shorting Alibaba is not a good choice.
AnT
2022-04-21
AnT
it's the calm before the storm.
JZ8
2022-04-24
JZ8
ok

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Anyone else looking at&nbsp;<a target=\"_blank\" href=\"https://ttm.financial/S/09988\">$Alibaba(09988)$</a>&nbsp;?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:&nbsp;90.50Take Profit: 81.20Stop Loss:&nbsp;92.75<a target=\"_blank\" href=\"https://ttm.financial/S/DGFW.SI\">$Alibaba 5xLongSG220608(DGFW.SI)$</a>&nbsp;<a target=\"_blank\" href=\"https://ttm.financial/S/DAGW.SI\">$Alibaba 5xShortSG230202(DAGW.SI)$</a>&nbsp;<img src=\"https://community-static.tradeup.com/news/0eda07d869716f9320baf94fdbf2852e\" tg-width=\"632\" tg-height=\"314\"></body></html>","htmlText":"<html><head></head><body>Hey everyone. Anyone else looking at&nbsp;<a target=\"_blank\" href=\"https://ttm.financial/S/09988\">$Alibaba(09988)$</a>&nbsp;?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:&nbsp;90.50Take Profit: 81.20Stop Loss:&nbsp;92.75<a target=\"_blank\" href=\"https://ttm.financial/S/DGFW.SI\">$Alibaba 5xLongSG220608(DGFW.SI)$</a>&nbsp;<a target=\"_blank\" href=\"https://ttm.financial/S/DAGW.SI\">$Alibaba 5xShortSG230202(DAGW.SI)$</a>&nbsp;<img src=\"https://community-static.tradeup.com/news/0eda07d869716f9320baf94fdbf2852e\" tg-width=\"632\" tg-height=\"314\"></body></html>","text":"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 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