BABA Gap Fill at $276 almost a certainty this week

BABA setup looks clean here. Huge Dark-pool volume buy this morning around $271 level. Must hold that level to keep thesis in-tact.

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Remains bullish with a close above $271 in my opinion.

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Two potential pathways:

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We bout to find out if this low volume break-down is a fake-out before a continuation of breakout and on to $276 this week, or if it revisits 268 first..
Hoping for continuation higher here in the final hour but be prepared for all possibilities.

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I continue to lean on the bullish side here on BABA as long as three things occur:
1) We remain above $271
2) My Ann alert continues to say Long/Buy.
3) Bullish thesis strengthens if price > $273.

BABA continues to be a catch-up play with huge Emerging Market exposure that hasn't already run-up since it's still recapturing it's levels from the unwarranted Ant Group sell-off. This remains an excellent long for 2021 in my humble opinion.

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Looks like a bull flag here into the close.. Be safe.

StockPickingEnthusiast

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StockPickingEnthusiast