BABA stock, SPCE stock, and Bitcoin are the top 3 stocks that I am watching this week! If you have any comments or questions with my BABA stock analysis, SPCE stock analysis or Bitcoin cryptocurrency analysis and chart analysis, drop me a comment down below!

Key Points:
-Alibaba stock is in the triangular point of a descending wedge, a very interesting position that technical analysts watch to try to determine the potential short term moves of the stock. I'm watching the stock this week because I like the fundamentals, however technically the company is in a very precarious spot.

-Virgin Galactic stock has been jumping upwards the past few days, up 30% in a week. I'm watching the stock this week because they had a successful test flight and I am watching to see how the stock reacts on Monday. This allows me to get a gauge on retail investor interest in the markets.

-Bitcoin and other cryptos have of course seen a lot of volatility the past few days. Becasue my research has shown that Bitcoin is correlated to the stock market, I'm watching Bitcoin and Ethereum prices this week to see if there will be an impact on the overall market if their price continues to decline.

-Investing in BABA, SPCE, and Bitcoin is a bit risky at the moment. There is a lot of momentum at the moment, so we could see large volatility in the next few days because there are likely a lot of traders in the name. As always, you have to consider the upside and downside risks before investing in the stock or cryptocurrencies.

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Link (1) Real time trading chart of BABA stock: https://thestockstudents.com/tradingv...

Link (2) Alibaba stock most recent earnings report:
https://www.alibabagroup.com/en/news/...

Link (3) Real time trading chart of SPCE stock: https://thestockstudents.com/tradingv...

Link (4) Virgin Galactic stock most recent earnings report:
https://investors.virgingalactic.com/...

Link (5) Real time trading chart of Bitcoin: https://thestockstudents.com/tradingv...

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Disclosure:
At time of recording, I have positions in Alibaba, Virgin Galactic and Bitcoin, at less than 5%, less than 1%, less than 2% of my overall portfolio respectively.
thestockstudents.com/disclaimer

#BABA #SPCE #Bitcoin #stockmarket