$BABA-SW (09988.HK)$ Is it going to start falling again and ...
$BABA-SW(09988.HK$ Is it going to start falling again and again?
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102319027 : the bearish momentum is picking up. there is no sign of panic selling yet but linear decline on a daily basis.
supports in the high 80s are broken without much resistance but should face higher resistance we trend downwards.
however, the downward movement should increase in the days to come as short buying increases and weak hand retailers cutting losses. I don't foresee any positive economic news from China that is significant enough to turn the sentiments around.
Sea gOP 102319027: In other words, after a period of decline, it is likely that after a period of decline, there will be a panic decline, and stock prices will not be reversed; it can only be saved unless good economic news comes out?
102319027 Sea gOP: that is my point of view, yes. from earnings to date, the price has declined close to 20% but there there isn't a major decline within this period. all things equal in general, given there is fomo buying, there will be panic selling. we haven't witness panic selling yet. if China's property crisis worsen, that might be the trigger for the panic selling.
102319027 Mett: yup
Mett 102319027: Lolll she must be new here. Not aware all ur $ stuck long ago in cryptos n baba already. Or long gone. U don’t sabo her for not hitting sales targets
102319027 Mett:
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Mett : Now that u mentioned, I realized u no badge also. Eh like that why so double standard from Mr Vwap? So hypocritical
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