Will BABA Bounce?
Updated
Hoping we can hold the 199ish and take a bounce on the uptrend. Would love to see a break through of $210. Lots of questions moving into tomorrow...Amazon ER effect? China News? Tomorrow is a make or break kind of day.
Note
Trump's rant hurt BABA today and we saw a drop down to the retest line. Thinking we'll make a bounce next week and get things back on track. If we get a breakdown of $193-194 support, things may get ugly. Still holding the trendline on monthly chart and I believe we will still see 250-300 before the potential split.Now just hoping Trump doesn't do or say anything stupid over the weekend and looking forward to getting some info in the ER.
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