This company doesnt need any technical analysis. If you are in China you will know people are not spending !! JD delivers less, Taobao delivers less. That means no pump to the upside. People spend way too much on their real estate and that is the issue now. People feel poor because they are under water. Chinese hyped themselves up that sky is the limit with a house. Remember they never had 0 interest rates its always in the range of 4,5 to 5 percent for years. Average salary of 6000 rmb , house price of 700,000 usd in tier 1 cities
Sell $84 calls for January
This company doesnt need any technical analysis. If you are in China you will know people are not spending !! JD delivers less, Taobao delivers less. That means no pump to the upside. People spend way too much on their real estate and that is the issue now. People feel poor because they are under water. Chinese hyped themselves up that sky is the limit with a house. Remember they never had 0 interest rates its always in the range of 4,5 to 5 percent for years. Average salary of 6000 rmb , house price of 700,000 usd in tier 1 cities
It’s going down to the 70s
So sad like invest to lose
BABA seems to be back to the "normal" mode. It may chop around for a while. I wouldn't short here since $70 seems to be the bottom.
Bc tencwnt doesn't have usa options lmao