Alibaba Group Holdings Ltd.
Short
Updated

Baba for final leg down

1 248
Upon a break of the desending triangle, i anticipate baba to reach 40 ish dollars.

This will be as the rest of the market pukes as well. I am ready for this once in a life time opportunity should it play out.

I will not short these levels, as were already in the basement, but I will wait in cash.
Note
So a wedge has been brought to my attention. Crazy that I didnt see it, im the wedge king.

Anyway, I think this is quite probable as well.. Either way though... More correction INC.

snapshot
Note
Keep in mind, if these corrections continue, the bottom is going to be FUD central. News will be blasting you with reasons not to buy.
Note
I am starting to like what I am seeing, I have started to scale into a small position size. American tech rally ending may mean chinese starting.

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