NYSE:BABA   Alibaba Group Holdings Ltd.
A lot of this market is clinging at support. Support zones are the scariest places to buy up. Why? Becuase emotionally you tell yourself it’s going lower, this is going to crash blah blah blah but when markets are ripping green you have an easy time to buy Becuase “oh it’s going to go without me !” Support here on baba yes it’s testing it now many times but it’s showing it’s very strong support. Doesn’t mean it can’t break and drop fast AF but that’s what stoploss is for. I’m still buying this 87 area. I have been for a month or so now. Every time we reach 87.70/88 area inn buying. Good luck

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.