$KraneShares CSI China Internet ETF (KWEB.US)$ $Alibaba (BAB...
$KraneShares CSI China Internet ETF(KWEB.US$
$Alibaba(BABA.US$
I have started a postion at 39 like Investing101 suggested
thx
$Alibaba(BABA.US$
I have started a postion at 39 like Investing101 suggested
thx
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101523133 : me too
丁蟹NA OP 101523133 :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Investing 101 : come monday, KWEB may still continue selling off, but of course not as bad as today. anyway next support is at 38, not a huge difference. and 38 is covid low. If you didnt buy then, its another chance to get it now. 36.6 is the next critical support which is US-China trade war low at late 2018 to early 2019.
BABA honestly currently it is pinging severely oversold. If it continues selling off on Monday, I'll be surprised. But if that does happen, it will only make the indicators ping even more oversold levels which will spring an even stronger technical rebound. I will look to get some calls in abit for monday or tuesday incoming rebound.
H4 Chart for BABA, MFI is 0.40.. and anything below 20 is regarded as oversold and below 10 regarded VERY oversold. RSI is 14. which we all know 30 is oversold levels and 10 is VERY oversold.
Day chart for BABA MFI is at 12.43 and RSI at 19.17. Because of this levels, I dont think BABA can continue falling sharply anymore without a good technical rebound. But you have to remember, swing trades are very risky trades. So you have to do your own risk management and take what I said with a pinch of salt.
Thelord : Actually everything falls not just chinese ADRs. When the fear is over, should rebound hard