BABA

Any thoughts on BABA Alibaba? Looks like another bullish momentum play.

 

Long here, think it's next 1k/share stock.

 

My option analyzer says less than 18% chance the stock will drop below $160 by Jan 19 2018.

 

Long. If it starts to stumble, the Chinese govt. will bail it out. They also have protection from any competition by Amazon. Same case for Baidu.

 

101% up trend.

 

New business for BABA...
https://www.bloomberg.com/news/arti...5-million-funding-for-chinese-car-site-souche

 

Seriously ? Bullish momentum ? with a negative divergence?



I wrote 1 year ago BABA was a strong buy @ 87 dollars. At that time, everyone wanted to dump the stock.
And now, after +110%, perfect time to take profits and everyone wants to buy? Interesting.

https://www.elitetrader.com/et/threads/trumpnation.305534/page-2#post-4382915

CM

 

Your charting looks off, you're reversing trend with only macd. I have credit spread at 160 and 140. As you can see it's up 4.35 and 2.38% today, not following your crystal ball prediction at all...

 

Lol I don't know when it will reverse but sure @187 dollars this is not a BUY.
No crystal ball, only EXPERIENCE and EDGE.

CM

 

lol, you mean you picked it out of the air. You should short it...