RGTI
Rigetti Computing
-- 17.0800 TSLA
Tesla
-- 431.660 NVDA
NVIDIA
-- 137.010 LAES
SEALSQ Corp
-- 9.080 PLTR
Palantir
-- 79.080 
Newbie strategy ๐
Stock $Alibaba (BABA.US)$
Strategy used Support and Resistance ======
1. Identify The Consolidation Zone (Draw out the Support and Resistance. The zone built since Nov 16th 2023
2. Start to build position near Support, calculate the risk and reward ratio. According to my chart, its 1 to 3.78. The trade played out, i manage to get 20%+ gains. However, if the trade didnt play out and drop break my support line, i will face 6.9% lost. and stop lost below 66.6 price point.
3. First entry on April 12th at 71.42, and second entry on May 14th at 78. Second entry its because of the breakout of resistance, I waited it to retreat the price back to resistance line to test support. And Hoorayyy!!! ![]()
its working. My price now average to 74.71.
4. There will be two more resistances 90+ and 100. I am planning to let the profit grow, as the fundamental is good and will look for more retreat to increase my position. For coming strategy, I will use be Fibo strategy to spot the retreat.
However its not financial advice, just sharing my trading plan for education purpose.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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Invest With Cici : really good case!
Sixav OP Invest With Cici : Thanks cici
Hope itโs simple and beneficial to other members when they do trade.
Larry King : What are your thoughts on the current level? Offload or hold?
Sixav OP Larry King : I canโt guess the price. From my pov, itโs will continue increase and face pullback reaching the resistance.
And this will continue until release on dividend. Baba is giving special dividend 1.66usd/share.
If you want to place position can wait for pullback, be patience. Can take look at price 90+ and 100.
TMW1986 : Still weak. Once can break 100 then means strong.
ๅๆฟๅ็จณ : 100?
Sixav OP TMW1986 : Totally agreed, weak and undervalued. Thatโs why got opportunity to break through for a good profit.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
How long will it takes to break 100? In your opinion
Sixav OP ๅๆฟๅ็จณ : Need to wait price react on coming resistance. 90 will be coming nearest fight.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
After that only possible to see 100 war
103367332 : Very good parameters
Sixav OP 103367332 : Thanks![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
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