LONG BABA
BABA has broken the local downtrend established in July. Buying pressure was significant, and caused a gap up. I'll start a small leap position if it continues to rise, but hold out the lion share of my investment waiting for lower gap fill. We also have other confluent confirmations. Bullish divergence of MACD and RSI indicators. The news that was the catalyst for this transition up was friendly talks between the US and China. Nothing concrete, but I'm willing to start a small position based on the technicals.
Penafian
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