BABA: 1.6 Million Share Block Trades and Two Gaps to Mind
Following
BABA
? With price coiling inside of a wedge on the daily, we zoom in to determine where things go in September.
Personally, I'm a little meh on
BABA
breaking higher due to Chinese macro. But if we get back above this massive block trade seller from early August who laid 1.65 million shares down on the 7th, then that juicy upside gap is next...
...but if we can't clear those blocks, then we get a quick fill of that recent downside gap.
BABA
? With price coiling inside of a wedge on the daily, we zoom in to determine where things go in September. Personally, I'm a little meh on
BABA
breaking higher due to Chinese macro. But if we get back above this massive block trade seller from early August who laid 1.65 million shares down on the 7th, then that juicy upside gap is next... ...but if we can't clear those blocks, then we get a quick fill of that recent downside gap.
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Trade with the giants, instead of against them.
Join us for free on Discord: blocklevels.com