$Alibaba (BABA.US)$ looks like tonight touching 130 shouldn'...
$Alibaba (BABA.US)$ looks like tonight touching 130 shouldn't be much issue. Breaking 138 however will be the resistance that will determine whether we can rally higher on this rebound. There is no confirmation yet whether this is a technical pullback or a reversal of trend. We will see if we break above 130 tonight and see 138 this week.
As always, trade safe & invest wise!
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丁蟹NA : with Fed start tapering, emerging markets are no brainer.
丁蟹NA : are you suggesting buying a short term put option when start getting close to 138.
Investing 101 OP 丁蟹NA : Let's ride this wave up! Hope your kweb doing well too. I also got 10 calls on kweb.
Investing 101 OP 丁蟹NA : I wouldn't honestly for baba. Too undervalued. You never know when it will fly. Buying puts when it's so low already just don't give good profits.
Evelynne : I think the probability of breaking above 130 is quite high
Investing 101 OP Evelynne : will have to see whether the selling off yesterday and potentially today is pullback or unloading of shares.