$BABA TOP 20
Added 2024-12-20 12:08:27 +0000 UTC$BABA is below the 200 Day MA in the PM now in spite of the HSI holding up very well this week against the US market.
Below the 200 Day MA and the next support line is the 0.78 Fib and the red support/resistance line at $77.50, below this level and we are back to the consolidation support level from the start of the year to May at $71.
I am holding $BABA.
Comments
BABA seems cheap. BIDU seems cheap. But China has serious structural issues and the Politburo refuses to inject liquidity. These two names, in my view are to be traded.
DC
2024-12-20 13:27:46 +0000 UTC
