MillionsOfPennies
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MillionsOfPennies
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$Alibaba(BABA.US$ drop 40% within a year and yet company is earning big money
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MillionsOfPennies
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$Alibaba(BABA.US$ be greedy when others are fearful
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MillionsOfPennies
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$Alibaba(BABA.US$
Actually long before all the crackdown in China, $BABA was already on an obvious down trend since Oct 2020 with a series of lower highs and lower lows. $200 which used to be it's support line has also become a resistance now. With all the negative news surrounding China and BABA, I don't think it's a good time to catch the falling knife just because you think it is a "bargain".
It's better to wait for BABA to recapture $200 and trend above it, making a series of higher lows and higher highs before this trend is considered invalidated. Until then, I would stand on the side line and monitor closely. For me, BABA is still a good stock with strong fundamental and I would be waiting to ride the uptrend when it's ready. I will post again when the time comes. Good luck to all. Cheers!
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Actually long before all the crackdown in China, $BABA was already on an obvious down trend since Oct 2020 with a series of lower highs and lower lows. $200 which used to be it's support line has also become a resistance now. With all the negative news surrounding China and BABA, I don't think it's a good time to catch the falling knife just because you think it is a "bargain".
It's better to wait for BABA to recapture $200 and trend above it, making a series of higher lows and higher highs before this trend is considered invalidated. Until then, I would stand on the side line and monitor closely. For me, BABA is still a good stock with strong fundamental and I would be waiting to ride the uptrend when it's ready. I will post again when the time comes. Good luck to all. Cheers!
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$Alibaba(BABA.US$ Looks like some big investor just bought some shares
$Alibaba(BABA.US$ Its going down for today for sure short term EMA crosses dosn all ghe long term EMA plus candles are under 200 EMA
MillionsOfPennies
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$Torchlight Energy Resources Inc(TRCH.US$ FASTER BUY WE GOING TO MOON!!!
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$Torchlight Energy Resources Inc(TRCH.US$ prepare to buy in
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$AMC Entertainment(AMC.US$ up up up go to the moon 🌝
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MillionsOfPenniesOP : i love it when she sell away the stocks of the companies I want to invest in she drive down the price by selling it, and all thr Cathie fanboys starts selling theirs further driving it down then it becomes GSS.
MillionsOfPenniesOP beedeebee: Fortunately for us it will take awhile and we can build bigger positions.
MillionsOfPenniesOP 102549350: It probably will.
MillionsOfPenniesOP 10102247: thats music to my ears