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$BABA After looking at the charts a bit more, I'm very confident that it's a symmetrical wedge pattern and not an ABC corrective pattern, and that it will be green at the end of HK's next trading session, which may cause it to gap up for us on Monday.thestructured, published May 1, 2021
HK ended their trading day right on the edge of their wedge, and we ended ours at the edge of ours, so the starting points are the same.
Sadly this means that just under $231 at the end of today was likely the lowest price to get in at before it runs up to the top of the wedge again.
I got in right there at the end of the day but like many others, paper handed and sold after hours because almost every time I hold this over night I get burned.
So good luck to you who are holding. I'll be buying back in at Monday's higher price and hopefully the shitshow rollercoaster that is this stock will finally hold its price.
I hope I'm wrong because I'd love to load up in the 220's again.
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Digital ad spend in FY21 to rise by 17.5% y/y to reach RMB 728.74B ($105.58B).
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$BABA $TCEHY $BIDU $JD $MEIT
$BABA 8/20 $300 Calls went from $2.09 on Open to $2.6 1 Hr in.
This is the best way to use the mis-pricing we get through HFT.
Most think they hurt the Market when really their mistakes can make you wealthy
$BABA Crazy weekly gap up last week after breaking down below the long term trend support. MACD slowly curling up, so I think we will continue to see some chop as it bases around long term support. I will not be trading weekly options here evening though I think the gap will get closed at some point.wkalunji, published April 17, 2021