Always pay attention to BIG PICTURE ( Time for BABA )
Whenever we Analyze or Trade we need to pay attention to BIG Picture ; for me chance of Bouncing up for this stock is rather high
Fact 1 : Long term Uptrend line is still intact and already shows sign of Strength still persists
Fact 2 : Notice of 24 December , Market response extreme reaction with Ultra High Volume bar , it's major sign of Strength . Smart money is buying in background
So, as long as 210 - 230 is strongly reacting , we will see Big move sooner or later
Fact 1 : Long term Uptrend line is still intact and already shows sign of Strength still persists
Fact 2 : Notice of 24 December , Market response extreme reaction with Ultra High Volume bar , it's major sign of Strength . Smart money is buying in background
So, as long as 210 - 230 is strongly reacting , we will see Big move sooner or later