Buy or Sell ?
$BABA-SW (09988.HK)$114
I think there is a possibility that BABA could top today in US maket at about US$116.36 (Fib level). BABA could have just peaked in the HK market at HK$115.50 (US$119).
I think there is a possibility that BABA could top today in US maket at about US$116.36 (Fib level). BABA could have just peaked in the HK market at HK$115.50 (US$119).
I’m expecting a short term target of US$101 before the stock explodes higher!
This target becomes invalid if US$128 (previous high) is met.
Do your own due diligence. I could be dead wrong!
Do your own due diligence. I could be dead wrong!
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Btan : Pls talk to JPM
102987738 OP Btan : No need. I rather watch baba price tonight
_Franco : I think BABA might go over $120 today in the US market to then sell off and only be slightly higher than open maybe $116 at the end of the day. and I think $90 might be too low of a bottom. I think it will be around $97 the lowest for the next three months. I expect it to be relatively soon too like July 20th.
I wish us both luck.
WantsToBeAMillionair : I agree with Franco view. Definitely hitting the resistance at $120 and consolidation there. A breakout at 120 will mean the full formation of the cup and handle pattern. Upon breakout, I will re enter. Definitely exiting at 120 if it hit
102987738 OP : Yes, you are right. I made a mistake in my forecast. I have changed it to $101 target :-)
102987738 OP : I see a price reversal today in the chart. Price will overshoot and reverse! Lets see tonight.
warrior-sailormoon : I’m holding at 125. Can cut loss n escape n but at lower price or hold n hold till it down n up again ?
102987738 OP : Don’t fret! If I were you, I just don’t do anything. Just hold onto your existing shares and buy more at around $100. Even if this stock is a relief rally, it could hit $200 !
And if this stock is in a rally mode, it could hit the previous high of $320!
Both ways, you benefit, if you hold onto your baba shares
:-)
warrior-sailormoon 102987738 OP : Thanks. Great advice from u. I appreciated it
102987738 OP warrior-sailormoon : Baba could correct from here due to pressure from US markets. Take opportunity to buy more baba shares at lower levels.
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