2. Start to build position near Support, calculate the risk and reward ratio. According to my chart, its 1 to 3.78. The trade played out, i manage to get 20%+ gains. However, if the trade didnt play out and drop break my support line, i will face 6.9% lost. and stop lost below 66.6 price point.
Invest With Cici : really good case!
Moses3191 OP Invest With Cici : Thanks cici![joy 😂](https://static.moomoo.com/nnq/emoji/static/image/img-apple-64/1f602.png)
Hope it’s simple and beneficial to other members when they do trade.
Larry King : What are your thoughts on the current level? Offload or hold?
Moses3191 OP Larry King : I can’t guess the price. From my pov, it’s will continue increase and face pullback reaching the resistance.
And this will continue until release on dividend. Baba is giving special dividend 1.66usd/share.
If you want to place position can wait for pullback, be patience. Can take look at price 90+ and 100.
TMW1986 : Still weak. Once can break 100 then means strong.
十拿十稳 : 100?
Moses3191 OP TMW1986 : Totally agreed, weak and undervalued. That’s why got opportunity to break through for a good profit.![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
How long will it takes to break 100? In your opinion
Moses3191 OP 十拿十稳 : Need to wait price react on coming resistance. 90 will be coming nearest fight.![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
After that only possible to see 100 war
103367332 : Very good parameters
Moses3191 OP 103367332 : Thanks![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
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