BABA Trade on Nov 12, 2018 09:30 from boldandnuts: Tradervue User Stock Trades.

Breakout of premarket highs in $BABA

Small scalp in $BABA out of the Open. $BABA had a premarket resistance around 145.40 and formed a nice flag just before the Open. I thought it might break out and we see some highs.

Bought the breakout  and took some quick partial into 146. 

$BABA spiked into 146.40 but did not have much follow through as there was a pivot and confluence of the EMA9 and EMA20. Bummer I did not flip there. Good Risk Reward.

To take it off eventually just above break-even was a good call. For a moment I thought about flipping short but it was too early to tell for direction and wanted to play it safe. $BABA sold off for 6 points!