BABA Short PUT 180 up to summer time targeting 150.. now its 175
Very strong bounce during last trend from 130 to 186 around 40% up ... now started down trend with correction at least 15-20% expecting reach 145-155 then to be supported and start new up trend targeting new all time high or at least 191 ..
as we can see indicators showing strong reversal signals but on large pictures Ali Baba shares still in long uptrend .
if its break down the support level then we can expect go down further to new bottom between 2017 top 110 and 120 but this is hard unless there is very bad fundamental issues. (less probability)
as we can see indicators showing strong reversal signals but on large pictures Ali Baba shares still in long uptrend .
if its break down the support level then we can expect go down further to new bottom between 2017 top 110 and 120 but this is hard unless there is very bad fundamental issues. (less probability)
