SamSuka
The Long Investor
The Long Investor

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$BABA TOP 20

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.

$BABA TOP 20

Comments

price action seems to show seller fatigue

Pinguo Pinguo


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