fredpui

$baba not out of the woods

Short
NYSE:BABA   Alibaba Group Holdings Ltd.
With the strong volume and price rise on oct 7 and 8, in astrology terms, this is due to aspect of Sun conjunct Mars (aggressive energy), and 10th we are entering another cycle.

the volume on Oct 7, 8 are comparatively low to Aug 23 / 24.

I am still bearish on Baba and advise caution on going long.

I am expecting baba to turn down in the week of oct 11.

Target 113.50 (Under 120 )

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