![]() ![]() The data also tells us to set a stop loss 96.13 in case the stock turns against the trade. If 96.35 begins to break higher, the technical summary data tells us to buy BABA just slightly over 96.35, with an upside target of 97.60. Buy BABA slightly over 96.35, target 97.60, Stop Loss 96.13 Details.Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan. In this case, if resistance, 97.60, is being tested a short signal would exist. By rule, any test of resistance is a short signal. We should have a stop loss in place at 97.88 though in case the stock begins to move against the trade. The technical summary data is suggesting a short of BABA if it tests 97.60 with a downside target of 93.13. Short BABA slightly near 97.60, target 93.13, Stop Loss 97.88.Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan. In this case, 97.60, initial resistance, would be breaking higher, so a buy signal would exist. 97.60 is the first level of resistance above 95.5204, and by rule, any break above resistance is a buy signal. The data also tells us to set a stop loss 97.32 in case the stock turns against the trade. If 97.60 begins to break higher, the technical summary data tells us to buy BABA just slightly over 97.60, with an upside target of 105.90. Buy BABA slightly over 97.60, target 105.90, Stop Loss 97.32 Details.In this case, if resistance 105.90 is being tested, a short signal would exist. 105.90 is the first level of resistance above 95.5204, and by rule, any test of resistance is a short signal. ![]() We should have a stop loss in place at 106.21though. The technical summary data is suggesting a short of BABA as it gets near 105.90 with a downside target of 91.06. Short BABA slightly under 105.90, target 91.06, stop loss 106.21 Details.In this case, support 91.06 is being tested, a buy signal would exist. 91.06 is the first level of support below 95.5204, and by rule, any test of support is a buy signal. This data also tells us to set a stop loss 90.8 to protect against excessive loss in case the stock begins to move against the trade. The technical summary data tells us to buy BABA near 91.06 with an upside target of 105.90. Buy BABA slightly over 91.06 target 105.90 stop loss 90.8 Details. ![]()
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