The Long Investor

$BABA

Added 2023-04-26 19:30:26 +0000 UTC

The bleeding has stopped today, the daily RSI is just at 30 and has held at the 0.88 Fib above $82.26. Three good indications to be optimistic about, on a day where there was a lot of red, this stayed green.

$BABA will need to show strength now and continue to hold this Fib level.

I have stayed in my position as the fundamentals have not changed, the company is still expected to split into 6 parts, this will always be a long term hold for me and I have no problem adding to my position at a lower price.

Everyone has their own strategy when it comes to investing, I never get concerned when a stock comes down after buying, the hard work is always done before it is bought.