Tuesday 3 March 2015

BABA - broken floor

With the main market a little lower, BABA was again on the slide, settling -2.9% @ $81.53. More importantly, the Nov' floor ($82.81) has been taken out, with viable downside to the IPO price of $68.


BABA, daily


Summary

Suffice to say... the floor has been taken out.. and there is nothing but empty air until the $70/68 zone.
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BABA chatter from Mr H.




As ever... make of that... what you will.