BABA broke down out of upward channel but...
We are actually showing relative strength when factoring in oversold levels.
I'm looking for BABA to bounce and break back into the upward channel next week.
We could see one more day of weakness but we should get that bounce Friday or Monday.
My goal is to see the 230's trade by end of month.
Long the 8/20 $225 CALLS. Paid $5.75
I'm looking for BABA to bounce and break back into the upward channel next week.
We could see one more day of weakness but we should get that bounce Friday or Monday.
My goal is to see the 230's trade by end of month.
Long the 8/20 $225 CALLS. Paid $5.75
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