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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