$Alibaba (BABA.US)$ will we see baba start pushing up from h...
$Alibaba (BABA.US)$ will we see baba start pushing up from here despite US may face another sell off this week? It did fill the imbalance from 6th Dec. If it doesn't recover here past 118 support, this may very well come back down to retest 108 support before we have any chance of the next rally.
Let's see tonight!
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Senseless : can ask, what do u think the chances of the next big crash coming? some articles are saying the sign is here.. and will it make baba drop further?
Investing 101 OP Senseless : those guys probably predicted 45 out of the last 3 crashes. It is not easy to predict a crash because the market can stay irrational longer than you can stay solvent. Stay with the trend, be to bear when it is time. being a bear in a bull market is the fastest way to lose your entire account.
baba is already in a bear market territory making it undervalued, so if a bear market were to come, it will still be affected, but maybe not as much as other stocks which were probably fair or overvalued.
Investing 101 OP : Chinese stocks seem to not be correlated to US stocks today. NDX is falling after hitting resistance at 15800 and chinese ADRs are still doing exceptionally well.
丁蟹NA : we kinda waitting for your insight on todays market![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Investing 101 OP 丁蟹NA : Haha sorry. My son had a fever. So didn't have much time to do analysis. Only traded when I had pockets of time.