Technically she is the strongest stock in the online retail sector.
While Amazon is trading 400$ below peak of all times, Alibaba on the other hand has breached another peak.
Spread resistance trend and another 35$ rally is inbound.
POSITION IS A LONG
INSTRUMENT ALIBABA (BABA)
CFD CONTRACT 1 LOT = 100 UNITS
VOLUME 10 LOTS
ENTRY RATE 309$
POSITION VALUE 1000 SHARES = 309,000$
MARGIN REQUIREMENTS 5% FROM POSITION VALUE = 15,400$
STOP OUT 5$ BELOW AT 304$
FREE MARGIN TO STOP OUT 5,000$
TAKE PROFIT AT 335$
EST PROFIT 26,000$