Tuesday, February 25, 2020

Alibaba Hong Kong - Buy Low $200, Sell High $218






I was having a late night dinner session with some of my guys yesterday and I shared with them on some stocks trading philosophy and how to spot the top and bottoms using blank empty charts. It was a great session as everyone made profits $ and took back some important great knowledge.

Looking back at Alibaba Hong Kong now, it was one of the best trades ever done. Buying low at $200 and selling at the ultimate peak at $218, it was so much easier to trade Hong Kong stocks that the Singapore market. From reading the 5 minute on detecting the supply and demand zones, it was much simpler to spot signals that a slow moving couch like Singapore stocks. As you can see from the trade records, we did various trades and sold at the peak for Alibaba Hong Kong. After selling and taking profits at the peak, Alibaba never see tried to break $220 and dangling between $214- $218 before the final breakdown happened. It's currently trading at $205 where will this stock trend higher again? Only by studying and reading the supply/demand zones, I would be able to tell precisely. Congrats to all who profited!

Ronald K - Market Psychologist - A Stock Market Opportunist