$BABA-SW (09988.HK)$$Alibaba (BABA.US)$ been talking about b...
$BABA-SW(09988.HK$ $Alibaba(BABA.US$ been talking about baba touching 60 to fill imbalance gap. many didn't believe. they said 100 is bottom. after that they say 80 is bottom. now at 70s ppl start believing 60s is possible. technicals don't lie. I'm not a fortune teller but the technicals already pointed to 60. never be overly bias on the direction as that will help you lose money. there is no bear or bull side. remember there is only 1 side, the right one. be on the right side of the trade.
even fundamental investors can take advantage of technicals to buy in at better price. I have been patiently waiting for baba to hit 60 before I even plan on buying in for long term hold. some said the ship will sail before I get to enter. but I said "see you back at the dock!".
with that being said, relief rally is coming for the china stocks. it will trap bulls another round probably to fuel down the last leg to 60.
As always, trade safe and invest wise!
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Thelord : You are spot on
Investing 101OP Thelord: now ppl will say I spot on. months ago they say I crazy. sad news is they already lost money buying at the high.
Investing 101OP : back then when I bought baba for relief rally I already warned everyone here. it's a downward trend and will break 108. I was in at 109 to take the move to 138 and that's it. I'm out. not interested to hold on as it will break new lows. but many bulls tell me 108 and 110 is bottom.
SooEng : NQ and ES plunging
Investing 101OP SooEng: yup saw.. told you. might not even have any retracement. just plunge straight down. bear flag broke down.
Investing 101OP Investing 101OP: the globex was to cool indicators to prepare for the larger fall. panic selling is ahead.
KaalBhairav : 1 dollar is bottom ..
SooEng Investing 101OP: Yeah 4141.75 is point of no return on EWT update.
Thelord Investing 101OP: Yup, sadly watched too many Adam Khoo videos. He was pumping baba all the way from 200s
Investing 101OP KaalBhairav: every stock 1 dollar is the bottom. question is will it hit?
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