$BABA trade over 50 SMA looks decent, gap or fade?

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Updated: 06 May 2020

$BABA (Alibaba Group Holding Ltd) is looking interesting with a gap over yesterday highs. If it opens right on it we have the screw gap forming and we can see a strong momentum. 198.27 is the price level to watch. Some resistance in the 199.50-200 area but that could be ignored if the market helps BABA lift. Watch for a red to green trade or see for a perfect gap on yesterday highs. First targets 202. Earnings 20th of May.

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