KlendathuCap

Ali Baba and the post February low trendline

Short
NYSE:BABA   Alibaba Group Holdings Ltd.
I'm already a China bear, and to see BABA get overextended like this screams opportunity. The 50 day kiss goodbye plus negative momentum gives the look of a nice set up. I think there's a high probability we go back and fill the August gap up.
Comment:
Fucking nailed it. Profits have been taken, still a small position in play.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.