#BABA : How severe will be the punishment?
Chinese authorities have decided to punish Jack Ma for the criticism of Central Bank bosses.
Will they destroy the company of remove/jail Ma?
Knowing chinese pragmatism that is unlikely.
Technically the price growth towards 379 is still possible as long as 196 level holds.
In order to bet on the closure of 23-24 December price gap it make sense to set (preliminary) limit Buy order at 212 with Target at 252 and Stop at 195.
Will they destroy the company of remove/jail Ma?
Knowing chinese pragmatism that is unlikely.
Technically the price growth towards 379 is still possible as long as 196 level holds.
In order to bet on the closure of 23-24 December price gap it make sense to set (preliminary) limit Buy order at 212 with Target at 252 and Stop at 195.