How I Traded Alibaba ($BABA)

BellaGeneral Comments1 Comment

Before the Open our newest traders met at my desk to discuss the stocks to watch, including $BABA.  When trading IPOs there are two important considerations: 1) momentum 2) technical levels Below yesterday low of 89.50 tipped the momentum down.  Below 89.50 and BABA was at all-time lows, if you can say such a thing about an IPO trading 30 … Read More