Options Traders are the most bearish on stocks this year after the equity put/call ratio jumped to 0.90 on Wednesday 👻😱 This is the 4th highest level in the last 12 months 👀
Why I like $BABA into March for a 10% tradeable bounce at least from a TA pov:
-Daily RSI officially hit oversold levels of sub 30 today. Lowest since the April 2025 crash lows.
-Candlestick is almost completely outside the lower Bollinger Band. Oversold.
-Just hit a fresh 6 month low and sitting almost at the 61.8% Fib retracement level if measured from the Aug 2025 breakout lows.
-Sitting right at 200dma currently. A little bit undercut, but not always perfect. The last time it did that was July 2025 where it took a couple days to recapture it and bounced nicely.
-The weekly candlestick is sitting right at the former resistance/support area shown as the blue box.
-Also price is sitting right on that orange trendline ish.
-Name is down 5 weeks in a row. Has never gone down 6 weeks in a row ever in their history!
-The last time I said to buy BABA it went from $150 to $181 in a month or so.
Look, I always said China is NOT investable. But it is completely tradeable with these wild swings.
It's time for yet another bounce.
-Heis
my friend is 28 yo
he just got a doctorate in music.
he has:
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he doesn't have any assets.
how far behind is he?
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