CIRTrades

BABA, Waiting for the Knife to Stop Falling

NYSE:BABA   Alibaba Group Holdings Ltd.
At this point, BABA is below all critical MA's and is a hands-of falling knife. Waiting for some basing and a reclaim of the 200EMA range, basing and a hold over 161 because if not, this is headed down into the low 140s. Never say something is "too low time to BTFD" or "too high time to short"- this market has a way of humbling that sentiment

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