hi traders,
I'm not going to lie here. I'm surprised that the price of BABA keeps going lower.
It's already a no-brainer for me now at 69 $ and I'm adding to my long-term hold position, but if it retest 60 $, it will be an even more screaming buy for me as it will retest the absolute bottom again.
BABA is a very profitable company with a strong fundamentals and not buying at these prices is a crime. DCAing into BABA stock is my strategy for the next weeks.
All fib levels that are shown on the chart may be acting as a resistance but my final long-term target is 256 $.
I'm not going to lie here. I'm surprised that the price of BABA keeps going lower.
It's already a no-brainer for me now at 69 $ and I'm adding to my long-term hold position, but if it retest 60 $, it will be an even more screaming buy for me as it will retest the absolute bottom again.
BABA is a very profitable company with a strong fundamentals and not buying at these prices is a crime. DCAing into BABA stock is my strategy for the next weeks.
All fib levels that are shown on the chart may be acting as a resistance but my final long-term target is 256 $.
Commento:
BABA ready to fly. Long-term still good buy, but not as good as on 19 of April when we shared this trading idea.
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