user
KYHBKO
2021-10-01

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.

@Tiger Stars

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精彩评论

  • Snakewood
    2021-10-08
    Snakewood
    its very oversold... long term stocks, just buy n hold...
    • Snakewood回复KYHBKO
      up 5% today! 🤣
    • KYHBKO回复Snakewood
      glad that I bought just before the rally. volatility is expected. we need to hold this for long to allow time to perform her compounding magic for such undervalued stock
    • KYHBKO
      I did and plan to hold for long and DCA
  • labbiT
    2021-10-15
    labbiT
    $150 and $130 are strong support levels. Can consider those points
  • 滚股怪
    2021-10-01
    滚股怪
    Good
  • Liying1025
    2021-10-01
    Liying1025
    [What][What]
  • Saras
    2021-10-01
    Saras
    👍🏼
  • Ricki猫
    2021-10-01
    Ricki猫
    😄
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