Buy or Sell ?
I think BABA has made a temporary bottom at $91.03 last night in US trading hours.
i am expecting BABA stock to make a big bounce to $99 before falling again.
Do your own due diligence. I am not a financial advisor. I am not responsible for your losses/actions.
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Seraphicall : Will go up
71512825 : it's going to 70
I am 102702622 OP 71512825 : Yes, next year.
74312472 : it's clearly in a downtrend. 11.11 exceeded expectations and it still went down 4%. Even a beat on earnings isn't going to change things until there is a reversal in the trend
102872488 74312472 : I agree. still lost on the 11.11 bet nonetheless
I am 102702622 OP 74312472 : But it is not going to go down in a straight line. I think $85 is a possibility in the near term but not $70
SKYWalkers : 91 is not a bottom, it's mid way of the drop
I am 102702622 OP SKYWalkers : Thanks for the chart. $BABA has only made a temporary peak at around US$118. It is heading higher one more time. Once it makes the final peak, it will fall again. Look at the $HSI chart for additional info or clues.
I am 102702622 OP SKYWalkers : This looks like a potential cup with handle pattern too.