BABA Trade Idea: A Two-Week Performance & Logic Review

On the 31st of March I pitched BABA as a trade ideas stating:

I believe one of my positions is offering a compelling risk-reward entry right now. I am putting it on your radar as an idea.

Thankfully, it worked superbly; it held the key level and is up 20 points since then without violating the tight stop loss. Link to post below, give it a read:

Trade Idea

I laid out the logic for the trade, the fundamental snapshot, and a clearly defined area for where to place one’s stop.

This is exactly why I incorporate technicals into my process. I hope you were able to capitalise on the move, or at the very least, gain some value from the logic behind the trade.

If you’re interested in these types of trades, feel free to follow along. For context, the long positions in my trading account heading into today’s session are listed below. (My investment account is structured quite differently)

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Thank you for reading, leave a like and see you for the next one!