$BABA-W (09988.HK)$ 9988 RSI is reaching 80 !! $100 will has...
$BABA-W (09988.HK)$ 9988 RSI is reaching 80 !! $100 will has huge resistance. Everytime just break and fall back. Short Call $100 seems a better choice.
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Btan : Agree. It is getting dangerous esp for shorts. But it presents opportunity to buy if it falls hard again
933199333 : Look at. Dow jone stock. Still very under value la. Compare to dow jone this one is 22222222222 CHEAP
merrychase Btan : wow you blessed us bl88
Q Luke : sometimes in an upward trend RSI will keep above 80 for many weeks, you could sell early.
MrM Q Luke : You are correct, even if RSI drop, prices might still go up. Most importantly is momentum and price action. All these indicators are lagging behind.