Technically short
Fundamentals long
I short Baba! Cuz fundamentals are manipulated, and news are made by insiders and old.
I keep it simple. But profitable and effective.
SHORT
The Alibaba (BABA) share price has struggled so far in 2022, falling by 44.7% year-to-date (YTD).
Chinese e-commerce and technology sectors are facing fresh challenges: The Nasdaq Golden Dragon index, which tracks US-listed shares in Chinese companies, shed a record 14% following announcements that Xi Jinping has extended his rule to a third term as...
Ichimoku: BABA Value margin Do you want to believe it?
If you like my strategy, please strictly control the single loss between 1-2%. We have played many games in the market. The investment itself is very low-risk, and irrationality is the biggest risk.
My trading behavior report is available at the link below.
I can analyze the market in a short time,...
Alibaba is off the road...
looks like total crash, like Bayer after the Monsanto deal...
But Alibaba got no endless billion dollar legal proceedings!
Alibaba got a protected billionen chinese market plus a growing part of the world....
The problems with the allmighty Xi Jingping dont making so much noise...
The user data part is under political control, so the...
Stock market is a scam anyway. Who knows.. if Chinse gov will suddenly appear to have changed its stance against the world and Tech companies (even if it's fake)
In supercycle, BABA formed (I) and there's still ongoing (II).
We could expect a terminal impulse wave from (c) where each move can be subdivided into 3 waves.
If that the case, buying zone would be around 201-207 when the price drop lower.
However, we must use CCI/STO to confirm bearish divergence.
Can play long and aim for 100% of w.1
But since w.3 is an extended one, we would expect
w.5 failure. So it's better to set a target point at 272.21
(gap area a resistance line where target took action twice)
