entry 80 sl 73 need to exit today based on weekly chart and reenter again later
$BABA-SW (09988.HK)$ hi all as it is bearish and downtrend for weekly so I exit at 79.60 based on last week and lose around 1 hkd per shares.
as now weekly confirmed bearish so u all who trade with the same can exit first and will reconfirm again for reentry once weekly turned bullish again in terms of trading as we cut loss short.
for investing can hold as it is a good point to hold as it is a monthly timeframe support level and monthly not bearish yet , but due to the stop loss for monthly can be at 50 level max so I can't be holding as I am for swing trading for safety reason.
small loss is inevitable for trading, and the reason for inclined to 80 is because daily keep failed to turned bullish earlier and it not affecting my position so I didn't comment much after daily turn bearish as I am trading on weekly tiemframe.
and last week weekly turned bearish so I need to exit and inform.
will reenter and update once weekly turned bullish again.
lost 1hkd per shares around 100hkd loss for this trade.
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102640653 : I expect this to run up anytime soon even today. Market moves r very manipulative today to trap.
102640653 : Opening moves to 81.10 retraces back to 79.20-79-30. Now trying very much to recover n moving upwards. It seems to make us confused on the trends .
102640653 : Be cautious n not rush to conclusion.look out for China markets trend too
102319027 : SL 73 to cut at 79.6.
102319027 102640653: it's going up because you bought?
no talent don't come out throw face. in the end you will only make me richer
Thelord : Why bother trading when so hum ji
102319027 : it's good selling pressure momentum for us shortist. when these kind of guru wannabe with shallow pockets try to act God, it is always good news for anyone who is in the opposite.
102640653 : Watch tonight show u will see its strength .
102640653 : Should be above 80 hkd by closing
102640653 : Come on baba let’s break 80 above
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