Test time for baba. The largest shopping day has past, and Christmas isn't Christmas in China, for retail. The next prime retail days are Chinese New Years, and that's on Feb 19, 2015.
If there was a time for baba consolidation, it's now. Or it uses the above, obvious, supports to continue its March higher.
If the stock chooses consolidation, a retest of $100-105 is very real possibility.
No comments:
Post a Comment