Play it Safe with Baba Booey

BABA has been a short idea we have been charting in recent sessions, as the $80 level failed to hold for the controversial stock. 

Earnings, however, are coming up later this week, on Thursday, which of course can trump this chart one way or the other. 

Into big strength, $80 then $86 would be levels of interest upside, whereas a major downdraft from here would see $80 hold as firm resistance and target the low-$70s.