BABA, BIG POTENTIAL FOR EARNINGS BREAKOUT (BULLISH)Like the title says, Bullish.
There is so much going on behind the scenes based on the world events today.
BUT, in the end, BABA is going to be a big supplier of goods across the Asia continent, and there are a LOT of people to sell to.
Put/Call chart is included, I've highlighted the outliers.
Does this mean I'm suggesting to yolo puts and calls? Probably not, but to be totally honest, if you do, I wish luck and hope you make bank. However, I'd say it's risky for short term options.
Long term options on the other hand, if you can buy the spread dip, I like the prices on calls.
I personally think BABA will be a rise and crash stock.
There are numbers showing well in the range of 600 and 700.
Similar to TSLA (previous run), META (current run). Similar, not exact, but similar.
Would I be surprised if the stock was $800 by Sept, NOPE.
Would I expect the stock to be at $800 by Sept, NOPE.
Possible and probable are two different things.
I'm currently eying the potential to hold $63, and maybe even already has and will hold $69, but it's good to be prepared on the low side in case of drops.
RSI is in alignment for one hell of a move to the upside should it want to use earnings as an excuse to rocket.
Basically, in all, my opinion on BABA based on the chart, I'm a fan currently.
In other words, there is a better than average chance for profit and limited losses should you decide to buy at these levels.
If you invest in amazon, you'd probably love BABA, especially if you can sell one at a high, and buy the other at a low, and then keep repeating the process until you own them both.
Good luck!
