BABA January 2021 range $326.23-364.23

According to the well established 8 month trend channel, BABA January 2021 range is $326.23-364.23. Alibaba reported cloud computing brought in revenue of 14.89 billion yuan ($2.24 billion) in the three months that ended Sept. 30, a 60% year-on-year rise. That was faster than Amazon Web Service’s 29% year-on-year revenue rise and Microsoft Azure’s 48% growth in the September quarter. Do your own due diligence, your risk is 100% your responsibility. Good luck and happy trading friends...

*3x lucky 7s of trading 101*

7pt Trading compass:
Price action
Volume average
Trend momentum
Current events
Revenue & Earnings
Debt / Cash
Book value

7 Common mistakes:
+5% portfolio trades
Bad risk management
Emotions & Opinions
FOMO
Lack of planning & discipline
Forgetting restraint
Repetitive errors

7 Important tools:
Trading View app
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books
Brokerage UI

Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
www.tradingview.com/u/growerik/

Trade active:

Added more long call contracts 11/20 expiry has good theta, delta & lower IV...

Comment:

Intra day forecast, BABA is consolidating, $303 close!

Trade active:

After beginning of week yahoos, Confirmation on future direction momentum is definitely up. Executed long calls today. tbc...