Trade Idea: $BABA Long - China Tariff pause for another 90 days
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.
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.
Trade active
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.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.