$Alibaba (BABA.US)$ Wow, last i saw baba was at 118 during p...
$Alibaba(BABA.US$ Wow, last i saw baba was at 118 during pre market. Went for my power hour scalp on nasdaq, came back to a green alibaba at 122. ![]()
120 support is still very strong as I mentioned. I believe smart money is accumulating here, thus the price keeps hovering here. If they hold shares at 108-112, they wouldnt want prices to fall below that. So logic says it will stay above those prices which 118 is the support, and 120 has been the price that was never broken the past 2 weeks.
Nasdaq will probably close slightly green tonight due to quadruple witching day and high OI of strikes at 16k and 15.9k and I feel it will close 15950 which would be a green day. So baba should also stay green if it happens.
Lets wait for next week to see if we get the next rally up although NDX sell off might not yet be over. So we will have to wait and see!
As always, trade safe & invest wise!
stay tune for my weekend video to stay ahead of the market!
www.youtube.com/c/investing101channel
120 support is still very strong as I mentioned. I believe smart money is accumulating here, thus the price keeps hovering here. If they hold shares at 108-112, they wouldnt want prices to fall below that. So logic says it will stay above those prices which 118 is the support, and 120 has been the price that was never broken the past 2 weeks.
Nasdaq will probably close slightly green tonight due to quadruple witching day and high OI of strikes at 16k and 15.9k and I feel it will close 15950 which would be a green day. So baba should also stay green if it happens.
Lets wait for next week to see if we get the next rally up although NDX sell off might not yet be over. So we will have to wait and see!
As always, trade safe & invest wise!
stay tune for my weekend video to stay ahead of the market!
www.youtube.com/c/investing101channel
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Zhong Ming Lim : Can't wait for your next video!
kaydoubleyou : Lol, the only happiness in the sea of red
. Hope the next leg will be on next week!
Investing 101OP kaydoubleyou: not the only green. tiger up fintech just had a shakeout candle. probably next rally coming as soon as next week.
kaydoubleyou : Good to hear that but let’s hope that it will be that way. Anyway bro, SEA touched 201 during the intraday and bounced off. Can share with us your insight on SEA next week on how it’s heading and your recommended enter level
Investing 101OP kaydoubleyou: i just saw. Based on technicals. Technical pullback likely to come as soon as next monday. Resistance will be around 227. May or may not break 227. But as the day have not ended, I cant see the end day volume yet. If you are willing to take a small risk, enter here and cut loss if it breaks 200 next monday. If it doesnt break 200, it should rally up for a bit. But it is going to be a 1 movement. So might hit 219 which is a weak resistance and stop there. You can choose to sell half there. and hold for 227 which is a stronger resistance. If it doesnt get to 227 and starts getting rejected at 219, advise to sell all at 219 instead.