Maintain Long Position for Alibaba

Last week, there was a slight pullback, but overall the rebound from the lower gan fan still will increase the momentum of this BABA

Next week's trading range will be around 251.28 - 266.28. So, if your current position is below this range, you can use this range to close the position and/or average up/reentry on the bottom range.

The next strong resistance will be around 285, but the first challenge will be around 275. Cut loss position will be the nearest Support around 245.

I will maintain my current ideas for the Long position with these conditions.

Have fun and safe trade.

Disclaimer:
This information is for educational purposes and is not an investment recommendation or representative of professional expertise. This analysis used herein is for illustration purposes only. This personal opinion should not be considered specific investment advice. I am not responsible for any trades, and individuals are solely responsible for any live trades placed in their own personal accounts.

Trade closed: target reached:

I have reached my personal profit-taking level. :). happy trading all, be safe