BABA
in the final stretch to $160 coming in just in the nick of time for call options w Dec expiration...
This call option trade started on Nov 6th.. I originally thought it would hit $160 by mid November to Thanksgiving time horizon... The Nasdaq mini crash wrecked this trade’s timing.. BABA raked in $31B in one day sales for their “Cyber Monday/Prime day” event, compared to
AMZN
$8B one day sales revenue for their actual cyber Monday. Both were the largest sales day on record respectively.. Once BABA hits $161, it should bounce down off it, before continuing higher to complete the 3rd of the motive wave. The end of Wave 3 is currently targeted in the $170-$179 range by Christmas, but that shift as we get closer.
No brainer here. From a technical and fundamental perspective, BABAs the clear winner for undervalued growth potential.
I’m adding BABA to my STRONG CONVICTION list, along with
TSLA
and NYSE:GRUB.
Trade closed: target reached