20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
- Alibaba Group Holding Ltd (NYSE: BABA) reports earnings on Thursday. Shares are down 20% since their IPO in late 2014.
- Chinese e-commerce giant beat top and bottom lines last quarter, but stock didn't really pop.
- In early April Alibaba passed Wal-Mart in total 12-month revenue; it's now the biggest retail company in the world.
- Slowing Chinese economy is biggest headwind for Alibaba.
- And perhaps more importantly for anyone thinking about buying, new investors can't capitalize on any of the growth the company had before its IPO. Not unreasonable to think BABA stays range-bound in $70s for intermediate future.
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20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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