Aug. 3 at 10:34 AM
$BABA
$94 to
$127 in one month.
+35% gain.
We added around
$94.
The goal wasn't to catch the exact bottom. That selloff looked like capitulation, with price trading well below the 200-week MA, so the risk/reward became attractive.
Sticking to the plan mattered more than timing the perfect entry, and this trade played out well.
Still watching for follow-through as the longer-term trend continues to develop.
Also watching:
$JD $PDD $BIDU.
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