$Alibaba (BABA.US)$$Alibaba (BABA.US)$ The best time to buy ...
$Alibaba(BABA.US$ $Alibaba(BABA.US$ The best time to buy Alibaba stock should first be when it stood on the downward trend line for 5 consecutive days, that is, 75-80 from April 26 to May 2. After the second May 14 earnings report, it pulled back to 77-80. Now it is at 85 for 100 weeks and 88 for 120 weeks. It should be the third time to buy it; it should not be too late. If it can break through the 150-week average price of 101 in the short term, the rise may accelerate and there is plenty of room for improvement. Breaking through the pre-100 short-term resistance level may be 90,95. Currently, the 200-day average price is 137.8, and the resistance levels after breaking through 100 may be 110, 120, 130, or 105, 115, and 125.
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Duskerdawn : Agreed that there is still some more upside for BABA.