Sunday Prep 8/01 - $BABA SHORT

1 thg 8, 2021

With the looming fear of what might happen next in the Chinese names, I really think that any pop off the earnings will be treated as an opportunity for people to exit their longs with as minimal damage as possible. Think a spike into the 205 area offers high probability of resistance. If they were to gap it higher, the next level of interest for me is 212-213. If they gap down on the numbers, I would probably just look to see if it can push back up to levels of resistance to fade. I highly doubt I try to long this name with all the fear in the name.