Just about held the 0.65 Fib yesterday after losing it at the opening but recaptured the level throughout the day and finished the day at $87.
I will be honest, this is looking weaker than I expected but still holding structure but barely.
I have decided to hold $BABA regardless of what happens and will just add to my position if it goes lower, we have been here a number of times in the past and every time it appears to be going lower, $BABA has recovered and moved higher.
At these price levels I see value and my belief is that anything under $100 offers value and a margin of safety.
Pinguo Pinguo
2023-09-19 16:51:28 +0000 UTC