7000 Yanlord

E - 1.92
S - 1.85 (Risk $490)
P - 1.98
R/R - slightly less than one.

Uptrend
Price supported at MA20.
Stochastic near OS region, turning up.
SHI rebounded from major support. China sentiment is positive.

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Stoploss taken out within the same day! Sigh...
I guess I should still stick to my trading plan.
Long only when the stock is in the OS position.  In the middle, the outcome is unpredictable.


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Alibaba

Decided against entering around 16 becauase the weekly chart shows that it is still a downtrend stock. The daily chart shows up trend for about 3 months. Need to wait for it to break the long term downtrend line.