Wednesday, May 6, 2015

#BABA OTF server update:

#BABA OTF server update:SocialTwist Tell-a-Friend
Since Sunday (5-3-15) I have been mentioning a bullish/Long bias for #BABA while trading above 79 which I started to scale into a Long from the mid-80s and then I also added in the 79s, but with 79 being my Long bias threshold my stop-loss was triggered just below 79 yesterday morning.

Normally I would re-engage once regaining my threshold but due to #BABA reporting earnings this week I will sit this one out for now.

If Long OTF server says #BABA must 1st get above 81.90 then +82.60 for higher; if so 84/85 will be the next target otherwise holding below 82.60 will equal chance to retest 77s.




Ethan Premock

Futures & Options Strategist

Hamzei Analytics, LLC
 

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