BABA | THOUGHTS

This stock looks really interesting because it looks like Facebook when they had all the problems with Cambridge Analytics and the Government. China is a tougher government and we don't know how the stock will react, several GAPS and rebounds with little activity give us a good environment for short selling. As I write this BABA is 2 percent down in after hours. The stock shows interesting and clear levels for traders whether they want to buy or sell. If I could take a position it'd be a short position having the 200SMA as my area to cut losses.