BABA - Im still bullish, big time, first targer $90-92
Updated
In sophisticated terms it is called Market Mechanics. Just as everything was looking good for UP move (yesterday), market makers threw in another low, and took alot of tight stops out. And now/ Ripping up..... Story fo the market. I am still bullish and see the pattern that warrants my opinion. Patience! I will add to my position when situation warrants, and will post more...
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Not that I rely on this info too much, I just re visited charts and see that after short term target of $90-92 next target os +$121. Volatility is at record low, despite huge drop we had - this does not make any sense, but make options cheap. I will definitely add when charts start finally showing new up trend.
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