BABA, BIG POTENTIAL FOR EARNINGS BREAKOUT (BULLISH)
Like the title says, Bullish.
There is so much going on behind the scenes based on the world events today.
BUT, in the end, BABA is going to be a big supplier of goods across the Asia continent, and there are a LOT of people to sell to.
Put/Call chart is included, I've highlighted the outliers.
Does this mean I'm suggesting to yolo puts and calls? Probably not, but to be totally honest, if you do, I wish luck and hope you make bank. However, I'd say it's risky for short term options.
Long term options on the other hand, if you can buy the spread dip, I like the prices on calls.
I personally think BABA will be a rise and crash stock.
There are numbers showing well in the range of 600 and 700.
Similar to TSLA (previous run), META (current run). Similar, not exact, but similar.
Would I be surprised if the stock was $800 by Sept, NOPE.
Would I expect the stock to be at $800 by Sept, NOPE.
Possible and probable are two different things.
I'm currently eying the potential to hold $63, and maybe even already has and will hold $69, but it's good to be prepared on the low side in case of drops.
RSI is in alignment for one hell of a move to the upside should it want to use earnings as an excuse to rocket.
Basically, in all, my opinion on BABA based on the chart, I'm a fan currently.
In other words, there is a better than average chance for profit and limited losses should you decide to buy at these levels.
If you invest in amazon, you'd probably love BABA, especially if you can sell one at a high, and buy the other at a low, and then keep repeating the process until you own them both.
Good luck!
There is so much going on behind the scenes based on the world events today.
BUT, in the end, BABA is going to be a big supplier of goods across the Asia continent, and there are a LOT of people to sell to.
Put/Call chart is included, I've highlighted the outliers.
Does this mean I'm suggesting to yolo puts and calls? Probably not, but to be totally honest, if you do, I wish luck and hope you make bank. However, I'd say it's risky for short term options.
Long term options on the other hand, if you can buy the spread dip, I like the prices on calls.
I personally think BABA will be a rise and crash stock.
There are numbers showing well in the range of 600 and 700.
Similar to TSLA (previous run), META (current run). Similar, not exact, but similar.
Would I be surprised if the stock was $800 by Sept, NOPE.
Would I expect the stock to be at $800 by Sept, NOPE.
Possible and probable are two different things.
I'm currently eying the potential to hold $63, and maybe even already has and will hold $69, but it's good to be prepared on the low side in case of drops.
RSI is in alignment for one hell of a move to the upside should it want to use earnings as an excuse to rocket.
Basically, in all, my opinion on BABA based on the chart, I'm a fan currently.
In other words, there is a better than average chance for profit and limited losses should you decide to buy at these levels.
If you invest in amazon, you'd probably love BABA, especially if you can sell one at a high, and buy the other at a low, and then keep repeating the process until you own them both.
Good luck!
Comment:
NOTE: sorry, formatting got all messed up. Is there a trick to formatting posts so the labels stay where they are supposed to be?
Comment:
Comment:
Here is the move from today, we got the breakout and the rejection off trend.
This would put the next buy point at 71.09 currently with projection up to $83 and probably just peaking over 100.
This would put the next buy point at 71.09 currently with projection up to $83 and probably just peaking over 100.
Comment:
Really close to buy target if you're following this idea.
It might go under $71 so be aware.
If it doesn't go and holds 72, we'll look for another entry on the upside movement projection or wait for a favorable entry.
It might go under $71 so be aware.
If it doesn't go and holds 72, we'll look for another entry on the upside movement projection or wait for a favorable entry.
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Cashapp: $nicktussing
Venmo: @nicktussing
Donations appreciated, NOT AT ALL REQUIRED OR EXPECTED.
Cashapp enters my YOLO account.
Venmo gets donated to the local Animal Shelter.
