BABA Trade on Jan 30, 2019 10:58 from boldandnuts: Tradervue User Stock Trades.

BABA made a run out of support consolidation of a Wedge and VWAP confluence into the late morning.

I wathced it trade above 165 resistance after hesitating to trade the resistance here for 50 cent profits. BABA broke out to run above 166.

Watched it closely and BABA formed a big rejection Decision Candle. Towards the close rejecting its highs I took a stab downward in anticipation of the 166 level to break. It broke but lifted back above immediately and I regretted my decison, but stuck with the trade with a stop above 166.50.

I was very nervous and anxiously watching it as it traded around that level always finding support at 166. Strong support! Long wicks on the 1m candles rejecting hihger prices. On the third candle it traded higher, rejected and on the way down on the break of the full dollar I added on full tier. I was short 1.5 tiers and nervous as hell as I was scared of BABA reclaiming 166. Nervous about my size I traded out very very quickly!!! Too quickly as it retested 166, yes, but eventually traded lower.

BABA bounced hard. REal hard and violent and bast my break-even. on the pullback I took a loss on the last partial. Did not expect that hard of a move.