BABA BIG MOVE SOON?
Oh yes I think so. Zoom out and draw a lower TL for the life of this ticker and you may see what I'm talking about here. Pop move up to near 200 EMA. Broke big downtrend TL. Volume at the shelf and pushing into that volume gap. AM I BUYING HERE? No. Lets get a back test or at least let it get sold off a bit. 200 EMA break and close will be an auto buy for me. Look for an EOD push over 200 EMA tomorrow because that's what whales like to do sometimes. I have 3 price target lines, the green is where I project this to be end of July. Hence I'm looking at some August 20 290 Calls. Very cheap mark of .91 on Fridays close but a dip would be nice. All in all I'm looking for 200% returns minimum so I'm not too worried about expiring worthless.
=DISCLAIMER=
NOT INVESTMENT ADVICE JUST MY TRADING PLAN AND ANALYSIS.
Trade well friends.
=DISCLAIMER=
NOT INVESTMENT ADVICE JUST MY TRADING PLAN AND ANALYSIS.
Trade well friends.
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