Beautiful setup here. So you are more into the bullish break right?
MindOverMarket
⋅
@TheSignalyst, Correct, I definitely think this will be bullish.
Berzerk_invest
⋅
@InvestorCentral, how about bearish trend?)
awisecrackin
⋅
I am in a very small position of this stock and trying to do a lot with a little in my portfolio. I have a few stocks sitting at 12-15% of my portfolio which are big winners already. but i can only do a few stocks that are upwards of 7-15K worth of a position. I am wondering if you think this stock should be in the range of 10% of portfolio or closer to the 2-3%? Thanks!
MindOverMarket
⋅
@awisecrackin, I would say that the technical analysis for this chart is more for the short term as we are already seeing a breakout. The fundamental analysis for this stock is a bit shaky considering Jack Ma's situation. The business type however is similar to Amazon so there is upside in that. I would say that it is safe to hold at 2-3% of your portfolio.
awisecrackin
⋅
@InvestorCentral, Thanks for the input. I am definitely struggling with allocation especially since we are seeing some history repeat and soon euphoria will drop.