Baba - Buy the dip?

[Moneyclutch]

Hey.

BABA is tanking. Buy the dip? Any guys on here savvy with TA care to shed some light on this trend since last October?

Please and thanks

*this is not financial advice

 

[Mishman527]

They have solid fundamentals. Buying the dip is a good decision imo

 

[|2 /-\ | /|/]

 

[Carvher]

Is China investable? No transparency, no rule of law, government can make your investment get crushed overnight.
Sorry, not for me.

 

[Happyhomer]

Is Canada investable? How about Cineplex CGX, Air Canada AC or Suncor SU? Personally, I own all three.

 

[fall]

Everything is investable. High risk = high expected return. And it applies to political risk too. Except for crypto that has high risk and negative expected return.

 

[Happyhomer]

I made a ton of crypto. And weed stocks. And vaccine stocks. Longer term I like Canadian stocks like Cineplex, Suncor and Air Canada. Cineplex is going to trial next month to enforce a sale at triple its current share price. It should win too.

 

[stinkynuts]

Everything is investable. High risk = high expected return. And it applies to political risk too. Except for crypto that has high risk and negative expected return.

Crypto is a scam. I bought into the concept but quickly realized how worthless it is as s currency. So many limitations, you wouldn’t believe. That’s why 99 percent is hoarded by investors or traded, not actively used. Also, a good chunk is lost

 

[peetscoffee]

Baba up today

 

[Jubee]

Crypto is a scam. I bought into the concept but quickly realized how worthless it is as s currency. So many limitations, you wouldn’t believe. That’s why 99 percent is hoarded by investors or traded, not actively used. Also, a good chunk is lost

Corrupto* is a scam.

Fixed it for you.

 

[|2 /-\ | /|/]

View attachment 73719

Is the dipping over?

 

[|2 /-\ | /|/]

Everything is investable. High risk = high expected return. And it applies to political risk too. Except for crypto that has high risk and negative expected return.

Great advice fall as always on point

 

[limewater]

I;d buy at 100

 

[|2 /-\ | /|/]

how did that dip work out for you?

Maybe now you start considering it....it was still too early during op post.

Edit...looks like it just broke major support from 2018/2019...now I am looking between $88-100 to enter this one.

 

[|2 /-\ | /|/]

108.72...can she break 100


This could be a really good snipe opportunity.

Edit...

Based on the weekly I think a good support zone is between $86-110 from 2016/2017 and corresponding volumes. Personally I will look at zone between $90-100 to get in. If that breaks god help us all the whole market is getting reckt!!! Not financial advice just speculation and opinions from a complete trading n00b.

 

[deacon blues]

108.72...can she break 100

View attachment 105271
This could be a really good snipe opportunity.

Edit...

Based on the weekly I think a good support zone is between $86-110 from 2016/2017 and corresponding volumes. Personally I will look at zone between $90-100 to get in. If that breaks god help us all the whole market is getting reckt!!! Not financial advice just speculation and opinions from a complete trading n00b.

View attachment 105275

in at 110. also did PDD at 54!. not investment advice obvs.

 

[|2 /-\ | /|/]

in at 110. also did PDD at 54!. not investment advice obvs.

Be careful bro....

Alibaba Stock Keeps Falling as Delisting Concerns Mount. Here’s What to Know. — Barron's

Alibaba stock is getting hammered amid fears that the Chinese e-commerce giant may be forced to lose its primary listing in New York. Reports suggested that Chinese regulators will restrict companies’ abilities to list overseas, raising the prospect that Alibaba and other groups may be forced to...

apple.news

 

[Moneyclutch]

Be careful bro....

Alibaba Stock Keeps Falling as Delisting Concerns Mount. Here’s What to Know. — Barron's

Alibaba stock is getting hammered amid fears that the Chinese e-commerce giant may be forced to lose its primary listing in New York. Reports suggested that Chinese regulators will restrict companies’ abilities to list overseas, raising the prospect that Alibaba and other groups may be forced to...

apple.news

After Jack Ma's disparaging comments and disappearance, the Chinese government took it upon itself to take control and part and parcel it BABA to its competitors. What is left of this company when this process is finished? Will what remains be able to stay competitive? In what way? I appreciate the TA, thanks!

 

[|2 /-\ | /|/]

After Jack Ma's disparaging comments and disappearance, the Chinese government took it upon itself to take control and part and parcel it BABA to its competitors. What is left of this company when this process is finished? Will what remains be able to stay competitive? In what way? I appreciate the TA, thanks!

This is why I never went into it in the first place because around that time the OP was posted there were news sources talking about the Chinese government involvement. This is too bad because I was hoping Amazon would have a legit competitor one day.

 

[Happyhomer]

I made a ton of crypto. And weed stocks. And vaccine stocks. Longer term I like Canadian stocks like Cineplex, Suncor and Air Canada. Cineplex is going to trial next month to enforce a sale at triple its current share price. It should win too.

And Cineplex wins $1.24 BILLION at trial. Easy triple from here for those who understand.