TomProTrader
Short

BABA: WEAK ACTION AT TOP OF THE RANGE-NEED TO SEE MEAN-#ALIBABA

NYSE:BABA   ALIBABA GROUP HLDG LTD
152 4 5
Traders,

Update on my previous idea on BABA. We are having a fantastic move and we are very much in the money.

Seeing weakness in BABA here. We are sitting strongly at a obvious demand and resistance level , expecting a minor down move to the 50 break, retest and down continuation. This move could be the start of something larger, we will soon see.

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Thank you
Tom
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I still think we advance upwards , good luck though!
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This one's correlated with Bitcoin (or viceversa to be precise).
Chinese stock market looked like it has a weekly uptrend in place but this action right here is quite bearish.
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When it goes up, I'll go up. I'll profit in the mean time though either way.
+1 Reply
IvanLabrie PRO TomProTrader
This.
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