Cut Losses In Alibaba

Here’s an update to yesterday’s post on Alibaba (BABA). Momentum has broken its uptrend line so it’s time to close the trade.

 

Here’s an update to yesterday’s post on Alibaba (BABA). Momentum has broken its uptrend line so it’s time to close the trade. Remember it’s better to take a small loss on a failed trade than wait and watch it fall apart completely. Another opportunity will come in the future.

150422baba

 

Disclosure:

None

STOCKS IN THIS ARTICLE

Comments