BABA Analysis

2021년 8월 2일

Hello Friends,

As shown in my chart, Alibaba is poised to be a great investment. Making higher lows and following the trend line in a down trend, what is needed now is to find a great entry and let this stock rip.

I believe breaking the 20 Day Moving Average, breaking the trend line and breaking the previous higher lows are all great signals to enter a buy position. But, ensuring the price stays above these levels are very important, so please be careful on your trades.

For my Long Term Investors, prices are at a great price so Buy & Hold.

Disclaimer: These are my personal opinions open for discussions. This is not financial advise.

Thank you.

2021년 8월 3일

노트

Please do not enter a trade on this information until the 3 confirmations I mentioned above tells us to do so. Patience is Key here guys and if you buy before the confirmations you will lose your hard earn money. I will update as I make a trade or see a good entry.