dchua1969

Own this great company at a discount

Long
dchua1969 Updated   
HKEX:241   ALIBABA HEALTH INFORMATION TECH LTD
Let's wait for the pullback to happen, find a nice bullish candle signal before initiating a long position.

Note that breakout does not means it must rides it way up. It could goes up a little before tumbling down to the support at 17.42. This support is crucial for the bullish continuation pattern.
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Mr Market tries to scare the weak buyers with a fake breakout....
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Twice, the market fools the buyers with a false breakout. This is normal. Now, we are sitting on the support at 17.42. Let's see if it will rebound from here.....
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3rd attempt breaking out of bearish trend line. wait for retracement before initiating long...
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support at 20 price level , can accumulate from here onwards
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Praise the Lord.....
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Love it :)
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