BABA has finally popped out of it's "TraderDaddy Triangle" to set the tone for a move up. Right in time for earnings it came back to retest the support level twice while coasting steady with the 20DMA. I'm looking at the $145 10/17 call with great Delta vs. Theta, With the profit take around $132.49 and leave a runner up to $143
These are just ideas based off technical analysis. I like to keep it simple and not have a bunch of indicators. Give me a follow and a like or even share the chart if you think it looks good Check out my profile for further information.
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.
These are just ideas based off technical analysis. I like to keep it simple and not have a bunch of indicators. Give me a follow and a like or even share the chart if you think it looks good Check out my profile for further information.
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.