This is a TA video, not a science. We are doing a simple analysis using MA, waves, and pattern for the Alibaba stock. I might be right, or I might be wrong but this is the way I view this stock. Thanks for watching.
This video will adjust to the correction in my previous analysis. TA changes with the price action, we only initiate our position when the stock is completely obeying the plan, if it acts funny, we need to be able to ditch it like an unloyal GF XD.
交易結束：目標達成
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I had 190 short-term calls for the next week, I just sold it because the stock reached its target. TY
評論
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Now I am going to wait for a confirmation to buy puts...
評論
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bought my puts .. now its a waiting game.
交易結束：達到停損點
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we will need to see more price action from baba. The market is overly bullish.
Love how you did this BABA analysis. I might start doing this. Tks
UnknownUnicorn1020621
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@GUMBY9662C, np I have love and hate relation with this stock, It is unpredictable. However, this is one of my biggest gain of Jan.
ctrimble03
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Nice try but you missed a couple of key points. 1) The Correction is still recovering as market volatility continues to decrease below long term averages. 2) Alibaba only partially missed on earnings and will continue to recover ahead of next earnings announcement. These are fundamental movements and not silly technical analysis.
UnknownUnicorn1020621
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@ctrimble03, Lol, sorry but I don't do fundamentals... We will see what will happen XD.
jumister19
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are you in with sort-term puts(next week or later) ?
UnknownUnicorn1020621
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@jumister19, I have march 29, with170 strike price. If it goes above the green line, I will cut the loss