Yesterday I posted an article about Alibaba Group Holding Ltd (NYSE:BABA) topping out. See it HERE. Today the stock hit a low of $113.69. This is a mega decline of $5.76 off of yesterday's all-time high. This was an easy call based on the technical chart, insane investor bullishness and a buy the rumor, sell the news event off of 'Singles Day', the biggest shopping day of the year in China.
For those of you that took the alert, congrats on your profits. For those that doubted, learn to read the charts and other signals, it will make you millions.
Gareth Soloway
Chief Market Strategist
www.InTheMoneyStocks.com
