BABA Gap Fill at $276 almost a certainty this week
BABA setup looks clean here. Huge Dark-pool volume buy this morning around $271 level. Must hold that level to keep thesis in-tact.
Nota
Remains bullish with a close above $271 in my opinion.Nota
Two potential pathways: Nota
We bout to find out if this low volume break-down is a fake-out before a continuation of breakout and on to $276 this week, or if it revisits 268 first.. Hoping for continuation higher here in the final hour but be prepared for all possibilities.
Nota
Nota
I continue to lean on the bullish side here on BABA as long as three things occur:1) We remain above $271
2) My Ann alert continues to say Long/Buy.
3) Bullish thesis strengthens if price > $273.
BABA continues to be a catch-up play with huge Emerging Market exposure that hasn't already run-up since it's still recapturing it's levels from the unwarranted Ant Group sell-off. This remains an excellent long for 2021 in my humble opinion.
Nota
Looks like a bull flag here into the close.. Be safe.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.