This one filled the gap at $216.50 on Thursday last week. This is the gift that AMZN never gave us to get back in. If you're a seller or short seller here then I just can't talk sense with you. This thing is about to increase it's revenue growth a ridiculous amount with the new cloud storage business they are ramping up. The news cycle will inevitably change and die down and then they will start to ramp it up again. The ability to get this down here is a last chance type of deal in my opinion.
Happy hunting.
(I'm long with shares and calls)
Not trading advice.
Note
Lots of call options for end of week.
Note
200day MA is 245-246ish. I expect to revisit soon.
Trade active
I drew this up yesterday, and it seems to be playing out **PERFECTLY so far. Wow -
Happy hunting.
Note
Trade active
I have recommenced a Long side trade on BABA here.
I haven't moved my projected path line and it's followed it to a mofo "T"! wow
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