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richardwyckoff
Aug 8, 2018 8:11 AM

BABA panic selling  

Alibaba Group Holding LimitedNYSE

Description

Alibaba stock market chart reveals the entering of demand. That is why I suppose the good news is coming.
Comments
nomoretrophies
Likely see slight drift in mid 170s til earnings announcement Aug 23rd. Options market indicate stock may trade +/-6.8% post earnings with small upside bias. Call option premium breakeven near 184.
nomoretrophies
Likely see slight drift in mid 170s til earnings announcement Aug 23rd. Options market indicate stock may trade +/-6.8% post earnings with small upside bias. Call option premium breakeven near 184.
rudyae86
So do we buy now? It's hard to tell what will happen in the next 2 weeks...
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