$Alibaba (BABA.US)$ Watch 95.30 e resistance

Stirling : Thanks

102987738 : I’m expecting it to hit to cross slightly above US$94.48 and tun down to form a double zig zag correction. What do you think?

Mett OP 102987738 : Not far from my R. So u may be right too. Each of us has our different R n S cos different timeframes n setups so it’s fine.

102987738 : Are you expecting another another big drop? I am

Mett OP 102987738 : Can’t define how big consider big drop? Depend go up how much. Say today up 15%, next day drop 10% consider big? But personally I think the worst is over. I take 15/3 as capitulation for HK. There were confirmation signals. And we haven’t seen a LL than 15/3. Now basically just whipsaw building in stage 1. It’s a weary process for holders

102987738 : Im expecting 15/3 Low to be revisited. If it breaks above $95 convincingly, then I will consider going bullish

Mett OP 102987738 : Personally I doubt will revisit but what do I know. Anything can happen. Just that normally capitulation day won’t get revisit short to mid term wise. I think only a nuclear can make it happen. Anyway when the trend changes, there’s ton of meat in stage 2. Let’s wait

102987738 Mett OP : Once this correction is done, I think BABA could be like oil stocks in 2020. Now, 3x !

Mett OP 102987738 : TBH all these beaten techs gonna take a loooong time to revisit prime, if they really do. $ put in stage 2 stocks make our $ work harder n faster.