Could play a trade on this bounce off the bottom of the down channel...seems to me like an imminent rejection is coming (too many layers of resistance to break through - vol shelf, 200,100 day MA, algo's, etc). I'll be more interested when a bottom is more obvious.
BABA
BABA
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tracking...
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I was just describing what the chart was showing... I had no idea it would gap down that fast.
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Caught in a vol gap - look out below!