💥LONG $BABA — fell 8% due to massive selling, now bouncing hard💥
Alibaba dropped 8% after announcing a $10 billion stock sale in Hong Kong — a big dilution that scared the market. But the money is meant to invest in its AI and cloud business, not to patch holes, so the punishment may have been overdone.
$BABA is already at $117.80, bouncing strongly and testing its short-term resistance ($117.89).
The setup: enter if it breaks $117.89 with strength, or place a limit at $116.20 (short-term average) to enter on a better price.
Stop loss: $114.37.
Take profit 1: $119.
Take profit 2: $120-121 if the market confirms the drop was exaggerated.
🔺 Breaks $117.89 → clear path to $119-120
🔻 Rejected here → wait for the pullback toward $116.20 to enter better
When a company drops to raise money to grow (not due to problems), the market usually corrects the overreaction.
Do you have it on your watchlist? 👇
#BABA #Alibaba #Stocks #Trading
Alibaba dropped 8% after announcing a $10 billion stock sale in Hong Kong — a big dilution that scared the market. But the money is meant to invest in its AI and cloud business, not to patch holes, so the punishment may have been overdone.
$BABA is already at $117.80, bouncing strongly and testing its short-term resistance ($117.89).
The setup: enter if it breaks $117.89 with strength, or place a limit at $116.20 (short-term average) to enter on a better price.
Stop loss: $114.37.
Take profit 1: $119.
Take profit 2: $120-121 if the market confirms the drop was exaggerated.
🔺 Breaks $117.89 → clear path to $119-120
🔻 Rejected here → wait for the pullback toward $116.20 to enter better
When a company drops to raise money to grow (not due to problems), the market usually corrects the overreaction.
Do you have it on your watchlist? 👇
#BABA #Alibaba #Stocks #Trading
