How to find entry for Alibaba
$Alibaba(BABA)$Approaching this using technical analysis using the 1D chart, it seems that there is a forming of a double bottom. Usually, a potential reversal may follow. thus, I propose to watch the coming few days to see if it breaks the previous low. if it does not break the recent low, we may see a reversal. this would be the point that I may place another position as I dollar cost average (DCA) this stock.
note that I am intending to hold this for a long time frame for years. I will look into such technical approach only after I have qualified that the company has good fundamentals and reach a fair value. please do your own due diligence as we may have different strategy coming to trading and investing. all the best.
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