Buy or Sell?
$BABA-W (09988.HK)$ 107
Price is expected to break above the H&S neckline of US$110+ in US tonite.
if it breaks below the neckline, I’m shorting it again. If you study the baba chart carefully, you can see the next major swing clearly. Good Luck.
Do your own due diligence.
Price is expected to break above the H&S neckline of US$110+ in US tonite.
if it breaks below the neckline, I’m shorting it again. If you study the baba chart carefully, you can see the next major swing clearly. Good Luck.
Do your own due diligence.
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70193421 : Come on! I like you!
Oofymcoofface : neckline at 107?
creative Gerbil : Don’t be a joker and short. The Chinese market has officially bottomed with the Chinese vow. Sell puts safer.
Matthew D : Aren’t you the one who shorted at 98 TP 70?
102987738 OP Oofymcoofface : Usd$110
102987738 OP 70193421 : Why? Reasons if you disagree with me
70193421 102987738 OP : Have you been watching the news? Did you know that the State Council meeting of the Chinese government mentioned the capital market again today? Did you know that BABA announced an additional buyback of 10 billion US dollars today? Do you know anything about the Chinese market? Have you ever been to China? Do you know anything about the Chinese government? Or do you like to short Chinese stocks just because they have been down for more than a year?
102987738 OP creative Gerbil : Ultimately US markets set the tone for all markets. If US sneezes, China markets will catch a cold.
Anyway, let’s see if prices can hold above US$110+ and extend beyond that.
Ben 23 : Share buyback announcement probably will bring a mini rally. Just sitting at the side first these 2 days to see how it plays out.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
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70193421 102987738 OP : Will China catch a cold if the American market sneezes? This is a short-term phenomenon, let's go to extremes! Suppose the United States announces the delisting of all Chinese stocks tomorrow, then all Americans will sell Chinese stocks, OK? SO WHAT? As long as delisting is completed, BABA of Hong Kong stocks will rise crazily, because without the trouble of American capital! Now you need to know one thing: at present, the United States only has the advantage of US dollar hegemony, but if it does not sell any products to the United States and does not open any Chinese market to the United States, this will be a devastating blow to the United States, and the US dollar will become waste paper. because they hold dollars and find that they can't buy anything! At that time, the whole world must only use RMB to do business with China, do you understand? The problem with Americans now is that they are too conceited and arrogant. This is a problem for all Americans!
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