The Long Investor

$BABA TOP 20 - IMPORTANT NOTE -

Added 2024-05-05 17:27:50 +0000 UTC

Big winners for us this week have been the Chinese ADRs, just about every single one of them has experienced extremely strong gains lately, have all broke out of their respective resistance levels and the HSI has been positive for 10 Days straight now.

Let me be very clear here:

WE NEED A PULL BACK and when it comes and we see how a hold where we expect, we take advantage of it

I don't want to hear a single soul drop their head and moan when this sector does pull back because it is coming and it is EXACTLY what is needed to show that the structure has strength.

A lot of people were disappointed that they missed the initial run, I don't know what to say to you now because of that.....there was 6 months to accumulate, take the lesson and see what you would do differently next time.

$BABA went into the BUY ZONE for 10 Days, so that was plenty of time to DCA in.

This is one of the hardest problems with investing, believing that buying when a stock has been suppressed for so long is still worth buying, only understanding the fundamentals will help you buy and believing the chart.....and both were aligned here as undervalued.

For the last 5 months we have also said that we expect the HSI and Chinese ADRs to reverse when the US market starts declining and looking weak.....and this is exactly what happened, down to the exact same day.

So right now we are watching for a pull back, crucial levels to watch are: