We secured solid profits on 
BABA, with a significant rejection at the breakout gap. The stock is now under pressure, facing potential headwinds due to Donald Trump’s presidency and his proposed tariffs. While Chinese stocks surged recently, driven by Beijing’s increased rhetoric around stimulus ahead of a key policymakers’ meeting, the lack of any immediate announcements until March’s National People’s Congress may dampen sentiment.
DespiteBABA dropping pre-market and likely throughout the week, our strategy remains unchanged. With partial profits taken and the stop-loss at break-even, we are not exposed to unnecessary risk.
As long asBABA continues trading above $82, the position remains stable unless major news changes the outlook.
BABA, with a significant rejection at the breakout gap. The stock is now under pressure, facing potential headwinds due to Donald Trump’s presidency and his proposed tariffs. While Chinese stocks surged recently, driven by Beijing’s increased rhetoric around stimulus ahead of a key policymakers’ meeting, the lack of any immediate announcements until March’s National People’s Congress may dampen sentiment.Despite
BABA dropping pre-market and likely throughout the week, our strategy remains unchanged. With partial profits taken and the stop-loss at break-even, we are not exposed to unnecessary risk.As long as
BABA continues trading above $82, the position remains stable unless major news changes the outlook.
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