bertolinitrading
Short

Close below 80$ confirms breakdown

NYSE:BABA   ALIBABA GROUP HLDG LTD
28 0 0
This was a long time coming. July Puts at the 75 strike are only $3.02 as of 10:40am

A close below the March 3rd low at 80$ confirms a breakdown lower. Below the 50 day sma . $80 was support and will turn into resistance. Anybody who bought the IPO opening day last year at 92.70$ is feeling major pain. Or someone knows something selling before earnings (05/07 before the bell) so risk management should be conservative in the event of a snap back rally.
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out