$BABA
Added 2023-04-21 13:59:24 +0000 UTCThis pull back is starting to lose structure, there is a gap fill to $88.20 and this is just at the 0.65, if this loses this support, the 0.78 Fib is at $84.88 and I feel that if it goes lower than this, the impulse wave will be under risk of losing its set up and this will be coming down lower, I have the amber line, Wave C ending at $58 which is the previous low, at the bottom of the buy zone. I would like it not to come down here but buyers are struggling to step in here now, so they will need to turn this around shortly, so I am watching for the gap fill and the 0.65 Fib for now.
Comments
SoftBank continues selling, they have given notice last week, no surprise, am still looking to fill gap at 86.50
Shailesh Patel
2023-04-21 15:14:10 +0000 UTCIt would be a fundamentally screaming buy if compared to its best historical EPS then.
rumorandvalue
2023-04-21 14:08:03 +0000 UTCI See 75$ very possible if the 85$ don’t hold as a bottom of the 2 of a new up trend. More likely we’re in the big C of the big correction leading to 56$ or if world economy is lit on fire and Taiwan escalates (of whatelse of similar intensity) then it could go below 30 and still reach new ATHs after.
rumorandvalue
2023-04-21 14:06:53 +0000 UTC
