Expecting strong BABA downtrend to continue, especially with current China market. Watch green macro channel for long term support. Watch dark red trigger trendline for short-term support.
Would short off the next touch of the top of the green macro channel; buy back on next touch of dark red support. Get super short on break of dark red support. Get small long off break of green macro channel, though it's unlikely given the current state of Shanghai and BABA's consistently disappointing earnings.
Would short off the next touch of the top of the green macro channel; buy back on next touch of dark red support. Get super short on break of dark red support. Get small long off break of green macro channel, though it's unlikely given the current state of Shanghai and BABA's consistently disappointing earnings.
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