$BABA TOP 20
Added 2024-01-12 15:49:27 +0000 UTCI am keen to add to $BABA more so than $NIO, I believe both have been beaten up but $BABA fundamentally is very strong and there is a general consensus that in spite of the feelings towards Chinese stocks, $BABA is still regarded as a Strong Buy.
I like how it has held the 0.887 Fib and the blue line here at $71 but I want to see higher highs and high lows next and getting back above the 50 and 200dma on the 1hr chart, so above $74, so I can rule out this dropping down out of the wedge.
So a hold above $74 and I will consider adding again.
Comments
Let's see how this weekend's election in Taiwan affects both $NIO and $BABA.
Thomas
2024-01-12 15:56:15 +0000 UTCMost hated stock by the street. Overly beatup. Looking to add more.
Marc H
2024-01-12 15:51:37 +0000 UTC
