BABA - short term signal BUY!
My short term chart shows BUY, first target is 89.50 to 90.00 May not be a big deal, but could be a beginning of a next rally. US stocks are tanking, but China isn't soleley dependent on US markets! I don't relly care for fundamentals, I read charts, for now it's a buy. Frankly I am seirously surprised stock fell so low, but market mechanics is something we have no control over. Im in, this stock is capable of gaping $4-$10 easily overnight... Let's see
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