daily turn to up trend but not bullish yet ya so it will still inclined to 80 or lower but not touch 73
$BABA-SW (09988.HK)$ As per previous post around 80 range (in between 80 price) it is a critical support zone based on my strategy, so it will very likely to bound back.
and the good news is the daily is uptrend now as previous post it is downtrend and bearish, so now at least is up trend just wait bullish which I will update if it turn.
so now it is still incline to 80 range so don be too happy first.
However, as said now daily is uptrend so bullish chance is high but still bearish now, so hopefully it can turn bullish next week and it will rise fast without any resistance any more between this weekly range 80 to 100.
so entry now remains 80.4 sl 73 tp open.
I also told previous post weekly downward confirmation failed this is the key why it will rebound hard from 80 but doesn't mean it will go fast to 100 it just mean it will sure rebound once it goes near to 80 or lower a bit but not 73. so monthly and weekly is all bullish so no worry it will keep maintained at 80 range or lower a bit but not 73 remember this unless I said weekly or monthly it will reverse then it will be very dangerous to below 73 (60 range).
Enjoy weekend as I will keep updating for your reference.
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102319027 : the rebound is not because of the ipo news?
Mett 102319027: But what say ur source/youtuber? Did they tell u to short at support area too? Jez… try not to go for too cheap subscription in future k. But lucky la, u have ur own private Option market to cover.
1st of the 10 tradesOP 102319027: hi as a lot of chinese stock up also so I don think is specific company news.
I am 100 percent on technicals as fundamentals is very time consuming, complicated to interpret and you know the market always contradict to the news.
as fundamental need timely and accurate not manipulated news/ information and there is a lot of news/ information that might affect a stock price. so I rather rely on objective price chart as market is absolute facts if u know how to interpret u are king.