While
BABA has had a nice gap up movement in the past few days, perhaps caused by anticipation to their earnings coming due, I expect the stock to have continued upward pressure. Therefore, I expect there to be more 'time and price' and filling of previous pricing areas as notated on the chart around the 115 TO 113-ish area.
The complexion of China has not changed; therefore, it's a 'sit on the sidelines' until we acquire some movement from the country.
The complexion of China has not changed; therefore, it's a 'sit on the sidelines' until we acquire some movement from the country.
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