Analysis:
(Hong Kong Session - 24/12/2020)
Most margin positions of BABA (US market) / 9988. HK ( HK market) are hitting their strike price in 24/12/2020. 230-234.8, the highest bull O/S price level bull contracts (28M USD equivalent derivatives) reached strike price and has been called (Reference: www.jpmhkwarrants.com/en_hk/cbbc...)
Technically that triggers a forced selling on that day.
The imbalance supply creates a good timing for long call.
Meanwhile, most e-commerce companies such as Amazon and JD are still pricing at a relative high position
(Fact table:
AMZN: market cap: 1.598T, P/E: 93,
JD: Market Cap: 130.5B, P/E: 581.36,
BABA: Market Cap: 695.5, P/E: 27.5)
(US Session - 24/12/2020)
We see a huge capital flow support on BABA @218.
Strategy:
Entry@$218. Stop loss@210$ and Take profit @250$.
(Hong Kong Session - 24/12/2020)
Most margin positions of BABA (US market) / 9988. HK ( HK market) are hitting their strike price in 24/12/2020. 230-234.8, the highest bull O/S price level bull contracts (28M USD equivalent derivatives) reached strike price and has been called (Reference: www.jpmhkwarrants.com/en_hk/cbbc...)
Technically that triggers a forced selling on that day.
The imbalance supply creates a good timing for long call.
Meanwhile, most e-commerce companies such as Amazon and JD are still pricing at a relative high position
(Fact table:
AMZN: market cap: 1.598T, P/E: 93,
JD: Market Cap: 130.5B, P/E: 581.36,
BABA: Market Cap: 695.5, P/E: 27.5)
(US Session - 24/12/2020)
We see a huge capital flow support on BABA @218.
Strategy:
Entry@$218. Stop loss@210$ and Take profit @250$.
Capital flow information: media.discordap...650/unknown.png?width=365&...