koryzhkov
Short

Southern Gaps need to be closed @ BABA

NYSE:BABA   ALIBABA GROUP HLDG LTD
42 0 1
With printing lower highs on weekly chart - the trend is still bearish , and in this case Southern Gaps have good potential to be closed. With recent false breakout to the North on ultra-high volume looks like bull trap and need to slaughter weak buyers first. Also, Chinese stocks are overvalued compared to other markets and this will be a burden for Alibaba too.
Finally, I don't like that statement: "JACK MA: It's hard for the US to understand Alibaba"
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