The fundamental for the company is still bullish.
* News of customer data leak didn't send this crashing down and historically the market is relatively tolerable towards data leaks .
* All regulatory fines are settled and Jack Ma's lack of presence is at least indicative that he acknowledges a positive correlation between BABA's success and his attitude towards the CCP.
Inflationary risks also seem much less of a concern in China vs. US.
The technical buildup is also interesting.
* Nearing the apex of this falling wedge
* In the Historical Buy Zone (long term supporting trendline/zone)
It's also worthy to point out RSI behaving interestingly with BABA at weekly views, with successful entry setup seen at RSI < 35 indicated by green arrows, and riskier but would have been successful setup seen at RSI < 40 indicated by yellow arrows.
Position: TBD
Waiting for confirmation of close above the upper line of the falling wedge in the daily chart
* News of customer data leak didn't send this crashing down and historically the market is relatively tolerable towards data leaks .
* All regulatory fines are settled and Jack Ma's lack of presence is at least indicative that he acknowledges a positive correlation between BABA's success and his attitude towards the CCP.
Inflationary risks also seem much less of a concern in China vs. US.
The technical buildup is also interesting.
* Nearing the apex of this falling wedge
* In the Historical Buy Zone (long term supporting trendline/zone)
It's also worthy to point out RSI behaving interestingly with BABA at weekly views, with successful entry setup seen at RSI < 35 indicated by green arrows, and riskier but would have been successful setup seen at RSI < 40 indicated by yellow arrows.
Position: TBD
Waiting for confirmation of close above the upper line of the falling wedge in the daily chart
Ghi chú
I had entered two days ago pre-emptively after considering risk.A bit concerned about the gap so I may only ride this out for a very short play and look to re-enter later.
Ghi chú
Reinforced position here at 210Ghi chú
Looks like I entered prematurely. The gap down at PM today is reaching close to my stop loss.
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Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.