Spofas
Short

Short on $BABA

NYSE:BABA   ALIBABA GROUP HLDG LTD
88 0 0
BABA has surged really nicely after several months of downtrend bouncing from the low of ~$57 to inside the current Bearish OB . This OB is inside the OTE             Short zone of this last downward leg.
Given the overall trend is still down, we can assume this up leg is a short squeeze and will pullback soon to test support.
To support the idea, we also have an ongoing daily bearish divergence on the macd histogram.
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