Wen_Hao
liked
$Alibaba (BABA.US)$
$KraneShares CSI China Internet ETF (KWEB.US)$ baba has covered the gap at 125 and broke the support at 123. I did mentioned 123 is NOT a strong support and the strong one is down at 114 and even 108. Do not be surprised baba will go down till those levels. Thus I kept emphasising despite I entered for a swing trade, I told you guys to not enter yet if you were buying for long term. Because we are not at a key support that is able to hold it means the fall is not complete.
You have to be overly cautious now more than ever as the US stock market is going through a correction and that will likely drag China down further.
Ultimately BABA is heavily weighted in Kweb etf and I have been calling for months since early May that KWEB will hit 39 before a trend reversal. Looks like we are on its way. I believe 39 is the spring for the accumulation phase to transit into a mark up phase. Thus once kweb hits 39, both baba and kweb will be a buy at that zone. And we will likely see the 2nd and 3rd signal of a trend reversal.
As always trade safe & invest wise!
$KraneShares CSI China Internet ETF (KWEB.US)$ baba has covered the gap at 125 and broke the support at 123. I did mentioned 123 is NOT a strong support and the strong one is down at 114 and even 108. Do not be surprised baba will go down till those levels. Thus I kept emphasising despite I entered for a swing trade, I told you guys to not enter yet if you were buying for long term. Because we are not at a key support that is able to hold it means the fall is not complete.
You have to be overly cautious now more than ever as the US stock market is going through a correction and that will likely drag China down further.
Ultimately BABA is heavily weighted in Kweb etf and I have been calling for months since early May that KWEB will hit 39 before a trend reversal. Looks like we are on its way. I believe 39 is the spring for the accumulation phase to transit into a mark up phase. Thus once kweb hits 39, both baba and kweb will be a buy at that zone. And we will likely see the 2nd and 3rd signal of a trend reversal.
As always trade safe & invest wise!
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Wen_Hao
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$NIO Inc (NIO.US)$a stock worth considering for for long term goal
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Wen_Hao
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Wen_Hao
liked
$AMC Entertainment (AMC.US)$ reminiscing those days where this darling rose to $65
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Wen_Hao
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$NIO Inc (NIO.US)$ will it go up ?
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Wen_Hao
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$AMC Entertainment (AMC.US)$
Now they use darkpools to push it down before lunch break. Then use legal borrowed shares before market close. HFs I am expecting a RED.......make sure it's RED RED and not GREEN!![]()
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This will not dampen APES spirit. In fact you are making us happier by borrowing more shares. No APES will panic or scared with what you are doing as it's an open secret on what you are doing.
Now they use darkpools to push it down before lunch break. Then use legal borrowed shares before market close. HFs I am expecting a RED.......make sure it's RED RED and not GREEN!
This will not dampen APES spirit. In fact you are making us happier by borrowing more shares. No APES will panic or scared with what you are doing as it's an open secret on what you are doing.
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