BABA

 ALIBABA GROUP HOLDING LIMITED








The Fundamnetal story has been beaten to death. Insane growth over last several years and stock has not reflected any of it. I have tried dip buying this thing so many times with no luck, maybe this times different. 

Catalyst with china buybacks. Huge vol bump this year that has remained high. PDD china industry leader also insane moves. HTF charts show nothing special but daily with that vol and tighteness and failure to make another W low, and with Earnings failing to follow through lower, and other China names similar patterns, makes me think we might see something down here. 

History is nice with M turning green in and out, 20D showing green steady. Q% change in 2 weeks will turn green as well as we elimiate Nov gap down. W% will change tomorrow to green from a -9% which is a big bump. Signs look great here. 

Stop 70.50

PT 80

In 73

2/20

Saw our turn up on F. But met with selling. Trade hasnt given much so stop must remain. I still like what I see so looking to add still on curl ups. 

Industry still looking good with china names curling higher, other breakouts like EBAY. ETSY with earnings next week. 

Queries are good. Frequent dates are excellent. Rest are good as well. Bottom signs seem to be here. 

Above 75.60 we should really see a good move. 

At this point in the life of the trade given what weve seen, we should not lose 72 so that will be raised stop.

2/23

Very promisinmg week. PDD nmegative news hit, we all saw a sell, but quickly recovered and bought dip. Now we are making super tight vol prof flag at top of HTF vol prof zone, looking ready to epxlode and I have great positioning. I kept adding all throughout the week on good breaks hgigher. 

Queries have shifted more green with frequent looking best. 

Signs keep gettting better here. 

Industry keeps showing buying. Lot of bottoming patterns. 

Q% has been negative for 98 days, and if we get a big pop that will end. 


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