MillionsOfPennies
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MillionsOfPennies
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$Alibaba(BABA.US$ be greedy when others are fearful
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MillionsOfPennies
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$Alibaba(BABA.US$
Actually long before all the crackdown in China, $BABA was already on an obvious down trend since Oct 2020 with a series of lower highs and lower lows. $200 which used to be it's support line has also become a resistance now. With all the negative news surrounding China and BABA, I don't think it's a good time to catch the falling knife just because you think it is a "bargain".
It's better to wait for BABA to recapture $200 and trend above it, making a series of higher lows and higher highs before this trend is considered invalidated. Until then, I would stand on the side line and monitor closely. For me, BABA is still a good stock with strong fundamental and I would be waiting to ride the uptrend when it's ready. I will post again when the time comes. Good luck to all. Cheers!
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Actually long before all the crackdown in China, $BABA was already on an obvious down trend since Oct 2020 with a series of lower highs and lower lows. $200 which used to be it's support line has also become a resistance now. With all the negative news surrounding China and BABA, I don't think it's a good time to catch the falling knife just because you think it is a "bargain".
It's better to wait for BABA to recapture $200 and trend above it, making a series of higher lows and higher highs before this trend is considered invalidated. Until then, I would stand on the side line and monitor closely. For me, BABA is still a good stock with strong fundamental and I would be waiting to ride the uptrend when it's ready. I will post again when the time comes. Good luck to all. Cheers!
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![Be careful of the falling knife](https://ussnsimg.moomoo.com/4938104749377123929.jpg/thumb)
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$Alibaba(BABA.US$ Looks like some big investor just bought some shares
$Alibaba(BABA.US$ Its going down for today for sure short term EMA crosses dosn all ghe long term EMA plus candles are under 200 EMA
MillionsOfPennies
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$Torchlight Energy Resources Inc(TRCH.US$ FASTER BUY WE GOING TO MOON!!!
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$Torchlight Energy Resources Inc(TRCH.US$ prepare to buy in
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$AMC Entertainment(AMC.US$ up up up go to the moon 🌝
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MillionsOfPennies OP : i love it when she sell away the stocks of the companies I want to invest in she drive down the price by selling it, and all thr Cathie fanboys starts selling theirs further driving it down
then it becomes GSS.
MillionsOfPennies OP beedeebee : Fortunately for us it will take awhile and we can build bigger positions.
MillionsOfPennies OP 102549350 : It probably will.
MillionsOfPennies OP 10102247 : thats music to my ears