BABA's first major stop will be around $120. There is NO reason or signal to short it! I am long it from $85!
Here is the buy signal at $85, first postion is always small which is T1 position (about 30%), then after first green section add the other 30%, keep first 60% as core holding, the rest 40% is a day trading in-out position. Now I have no position even though the other leg will take it to $120. Again, NO short signal yet.
技术分析 = 黄山看石景:不说不像,一说就像,越说越像。BABA's trade is a classic technical trading example. ......