I'm still new to this but on my charts I'm seeing a bullish reversal (hammer) on the 24th just outside of my Bollinger with a gap up today. RSI in oversold territory at least at 14,2. Feeling like I might buy some this week.
rajivgomes
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Agreed , its a very successful Chinese company . Cant see the government destroying that. i got in at 222
DrBandz
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@rajivgomes, Ive bought 60 shares at that price too. I am trying to buy options as well but timing price movement is hard
rajivgomes
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@yungbandz, Nice , i am in on 50 shares. Tbh this company value should be at least 1/3rd of amazon. i am noob trader , options is beyond my ability.
HumanBias
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Let’s see what happens at your first red line $244-246 ;)
DrBandz
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@HumanBias, Just like how China helped NIO, its gonna help BABA as well. This case on monopoly is fake. They are just trying to scare investors so that they can buy their stocks again for a lower price. China wants all of its companies to succeed.
JustTyrex
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@yungbandz, so agreed! buy its so cheap ath minus 100 dollar I mean its like 33% at sale with future profits good company!
DrBandz
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@JustTyrex, Alibaba raised their stock buyback plan to 10 billion. Its only a matter of time