$Alibaba (BABA.US)$ baba is still within bband and the huge ...
$Alibaba(BABA.US$ baba is still within bband and the huge movement have not started yet. It found support on bottom band and until the bband expands downwards there is no signs of baba going down to retest 108 lows.
The big movement like I said will begin this week or next week. But we only have 1 trading day left for baba this week so we will likely start to see it next week.
As always, trade safe and invest wise!
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Investing 101OP facaimeow: Nope. Baba is still in a strong downtrend. This next move could be a move towards the downside to retest 108. If 108 break, next is 95. Baba have imbalance order gaps until 61. So worse case baba can fall till 61 if fundamentals are not in the picture and only algos trying to fill those gaps since we are so close now.
Would you all in knowing there are even the slightest possibility of baba touching 61?
丁蟹NA Investing 101OP: 61
I ?$#@$ my pants already. i will added shares by month now, just in case
Investing 101OP 丁蟹NA: 61 is the lowest it can possibly go based on algo movement. To cover imbalance (unfilled auction) below. It may not hit there. But all imbalance are eventually filled, may take years. Like baba case its been 5yrs and not yet filled. Could take another 5 more years and left unfilled. Who knows. But as long it's unfilled, there is the slightest chance it can.
Investing 101OP 丁蟹NA: Fundamentally speaking, 61 is impossible. As baba has so much cash flow and strong business concept it is worth more than 61 anytime. But if fundamentals were all that matter, we wouldn't be at 110s now as baba is still fundamentally worth way more than 110s.
winblessing Investing 101OP: May I ask how do you see gaps to be filled? which technical indicators? I watch your youtube and may I ask if all are Moomoo charts?
Investing 101OP winblessing: My YouTube I'm using tradingview. Gaps are known as imbalance auction. There Is no indicator. You have to spot yourself
winblessing Investing 101OP: Thanks for your reply. In your last video, I saw you mentioned monitor the selling volume for APPL, how can we differentiate volume into "buy" and "sell" in trading view?
Investing 101OP winblessing: If low vol rebound off support could just mean sellers are waiting and have not made their real moves yet. If high vol at support it means the seller tried breaking support but buyers were stronger that's why support able to hold.
SunBird Investing 101OP: Thank you investing 101 for giving a deterministic price. And thank you facaimeow for asking a good question.
winblessing Investing 101OP: Icic sure, thanks much for your sharing.