"Once more unto the breach, dear friends, once more."
$Alibaba(BABA)$ My best guess is one last push into 120-125 on low volume for maybe 2 days, then we will get a correction. After all, in three (3) months, we've gained 100% from the low. With RSI at 77 we are near a peak. There have only been a few occasions since IPO where RSI was higher than where it is now. On every occasion, prices reversed.
I'll be selling into this last move.
GLTA!
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Great