Comparing the current BABA crash with the TXN
crash of 2000. What's really interesting is that BABA has made a new low from the lows around the IPO
went and tested the leg start from its IPO
. I'm looking to see if the BABA bear flag
breaks to the downside, or if this is accumulation, where we would see bearish
momo being offset to pop back to big support lost. This would then become a bear trap. But I'm really curious now, because we made a new low. If the BABA bear flag
breaks to the downside and holds below 80, I have a target in the 60s.