Buy or Sell?
$BABA-W (09988.HK)$ 91
$BABA has retraced to the 61.8% fib level.
We are due for a bounce soon followed by a new all time LOW!!
Do not expect price to cross above US$124.11 unless we see a new Low first
$BABA has retraced to the 61.8% fib level.
We are due for a bounce soon followed by a new all time LOW!!
Do not expect price to cross above US$124.11 unless we see a new Low first
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101504731 : best price to enter is ?
102987738 OP : To enter before the bounce? US$89-91
My forecast is one more Low below $91.82 which was yesterday’s Low
102869367 : How low is the new low? And what level the bounce will go to before the new low?
momomoomoo : still not low enough and need further new low first![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
102987738 OP : Can’t tell how Low the new Low will be since it only completed 20% of the move down from US$124.11. But it should go below the last Low of $72.20 after June-Aug timeframe
I think we could see easily see a bounce to $108 base on 50-61.8% retracement
帶刀的韭菜 : buy
102987738 OP 帶刀的韭菜 : Not yet but very soon
MonkeyGee : I guess the all time low came before the bounce.
102987738 OP : All time Low will be below $72.20
It is not going to go there directly from here.
It will wave down and up (bounce) and then wave down and up (bounce) and then final down