Trade Idea: $BABA Long - China Tariff pause for another 90 days

12 thg 8

Profit Target $150
Stop Loss $118.00

If this breaks out at this pattern, I will move the stop to 120.00
China's recent economic data shows resiliency despite Trump tariffs.

13 thg 8

Giao dịch đang hoạt động

BABA is now at $126.61 during the premarket trading. The increased expectations for a US interest rate cut next month could help this stock to move further up. I will slowly move my stop higher to my entry ($120) to lower the risk.

15 thg 9

Ghi chú

BABA now trading at $158 level. My stop was slightly moved up to $125 level. If BABA can push at $180 level before December I can start trimming some of my core positions. Manage your risk.