BABA Trade on Jul 21, 2020 11:48 from aceknuckles: Tradervue User Stock Trades.

Ticker: BABA
Date: 7/21/20
Size: 10
Amount of Trades: 1
Closed P&L: $-27.2

(as of 7/21/20)
RVol: .85
AVol: 20.2M
ATR: 8.1
Float: 185B
Short Float: 2.28
Beta: 1.55
52 Week Range: $15.12 - 42.88
Sector/Industry: Consumer Cyclical/Internet Retail

Starbucks customers in China will be able to order drinks on multiple platforms run by BABA. This wasn't particularly great new but it was good news for BABA. I can see how the increase traffic could benefit their business. $257.69 was gap-level support. Price gapped up to 265.55 pre-market and continued to sell off towards 257. My limit was hit at 257.67. My theory was a hold at $257.67 keeps BABA on trend. Price gapped down the next day below my stop of 255.6 and I didn't get it. I moved my stop lower to 255 where I eventually got hit. Price continued to sell off but found support near 250.

In hindsight, I can see the wedge forming. At the time, it looked like a simple pull back.