Alibaba has reached this crazy low trendline. Crazy things are happening worldwide, and the rest of the developing world is basically in a recession already so where this goes from here is anyone's guess. However, in the risk reward game, I like it. May play the swing bounce if I can.
This is not a recommendation to buy or sell anything. It is for informational purposes only.
@RocketFuel20, Eventually it wants to fill the 160gap (I am thinking by end of year)
CrashBandicoot99
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@himeshpatel1981, yes lots of gap fills on the way up. Just don’t know where the knife will stop falling.
cicatrace
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I believe 86 will be the bottom but who knows at this point, people aren't even interested in buying 1$ for 35 cents ''because China is uninvestable'' to a lot of people. The thing is that may change later this year if China's president isn't reelected. So we'll see! I thought Baba was a bargin at 140 honestly.
Paladin20
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@cicatrace, lol same here, I picked up that nice bounce off 140 back in October