BABA had a bearish gap down on earnings. It was a bearish retest gap. BABA has retested a bit and is rolling over. One could also look to go bearish AT The 10 ema on the daily.
If BABA gaps down tomorrow (below the trigger) you have black candles on the daily and hourly. This would be a bearish retest gap. Give it mins, hours, or days to retest your entry.
One could short stock OR consider $75 Oct or Nov puts.
If BABA gaps down tomorrow (below the trigger) you have black candles on the daily and hourly. This would be a bearish retest gap. Give it mins, hours, or days to retest your entry.
One could short stock OR consider $75 Oct or Nov puts.
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