Tested 150s on Friday after BABA gapped up and push for a few gains before 2nd or 3rd candle turned red.
Weekly 5yr shows 140 and then master support 130
My price prediction for Monday Aug 23rd...
Gap down -2%, fight for a few gains and the bear comes in for new lows/long wick on daily candle. Later bulls fight back in the afternoon forming a
1) doji
2) hammer, red or green
3) spin top , red or green
I'm short for a few days and then long for 170C weeklys. Daily RSI at 19, oversold lvl. Be mindful
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