ALIBABA AND TENCENT MERGER RUMORS, TAKE MORE PARTIAL PROFITS $BABA $TCEHY

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ALIBABA AND TENCENT MERGER RUMORS, TAKE MORE PARTIAL PROFITS $BABA $TCEHY

This post was just published on ZYX Buy Change Alert.

BABA is long from $68.  Profits have been taken as high as $110.63. As of this writing BABA is trading at $87.63.

There are rumors of merger between  BABA and TCEHY.  In our analysis, these rumors are not likely to come to fruition.  Consider taking more partial profits on a 10% tranche on BABA in the zone of $87.50 to $89.73.  Consider continuing to hold the remaining 120%.

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