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BABA's short-term range post-earnings
Considering BABA's recent action, even with $BABA at 115.27, the market seems to be digesting the earnings rather than rallying. I'm assigning a roughly 60% probability we see $BABA test the 110-112 range by month-end. Volume wasn't overwhelmingly bullish today, and the daily candle formed a clear top wick rejecting higher prices at 115.92. Given the broader tech sentiment with $EMQQ also down, it feels like a slight pullback is more likely before any significant push higher. A break below 113.94 (today's low) could accelerate this.
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It's always a treat when a stock's post-earnings action resembles a sloth on tranquilizers rather than a rocket. Good luck with that 110-112 range, though BABA sometimes seems to prefer the scenic route to any particular destination.