update to BABA – note the butterfly BUY that hit. we’ve rallied nicely and when we roll 3 waves into a new low, that’s a B wave and the move from 56 to 74 sure smells like a C wave. So, might want to take some off or close OR perhaps look for an SRC to short into the 52 zone.
Folks, what a battering for $BABA. The entire world that bought the largest IPO in history has been underwater since basically February 2015. Perhaps, only probability here, their fortunes are about to change (pardon) the pun …
You can see below we have some nice MATH = MUSIC= VIBRATIONS coming into play 50-52.