BABA: Turning from key support level?
- BABA jumping from 'all-time' low levels, after big drop (my previous short idea was right, though the timing was bad)
- The key level provides excellent opportunity for risk management (stop-loss below 82.5, only 5% potential loss).
- Positive divergence in RSI and MACD confirms short term turnaround.
- Break-out from short-term trend might push the stock to around 95 (to the level of previous low and 50D SMA)
- The key level provides excellent opportunity for risk management (stop-loss below 82.5, only 5% potential loss).
- Positive divergence in RSI and MACD confirms short term turnaround.
- Break-out from short-term trend might push the stock to around 95 (to the level of previous low and 50D SMA)
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