BABA - Fcuk if I know what happened. However!!!

If we bounce from the most recent low of this morning, we may still be OK, if not, I am out of this sucker! RIght now Im still ahead on this stock, since I started covereing, as I was buying low and selling high, so if I have to say good bye, so be it!

Comment:

I am not crazy and don't live in denial! Calling bottoms and tops is the most difficult , if at all possible in the markets. However, charts do not lie. We had a perfect structure to go up and even witha violent drop this morning, we are still in the same structure. If we do not break lower than this morning low, we will be golden. I will hold on to BABA, if support holds, we will reach my target sooner than later. Stock is undervalued, not that I care too much for fundamentals, but I do consider the fact that most analyst appraise it a$144. The reason I bring this up - my charts show $120-144 by January. IF support holds, this will be a huge run. This is it for now, I am holding my fingers crossed!