Like they say, don't try to catch a falling knife. Maybe, if I comply with the antiquated US Markets, I'll buy some of these NYSE ADR but Alibaba needs to issue a direct coin instead so we can buy they shares that way. DeFi it now. Why trust the banksters on Wall Street for "custody" of a Chinese company? That's not really safe... Technology made the banksters obsolete. LOL
I thought it was oversold at 225 back in March, but I got out of it even before the drop. The trend is down, don't try to catch it. There are better place to invest your money.
UnknownUnicorn2413721
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@starsora04, Yes, this deserves a neutral rating on the oversold with bearish trend confirmed without a doubt. Looking for a bounce does not indicate a reversal on confirmed longer bear trend. But... Tomorrow should be interesting. Need to check what happen with BABA today (tomorrow China time which is now?). If we have nice gap down tomorrow, I'm jumping on the 5 min higher highs and lows.
UnknownUnicorn7245819
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@JustCharts, It's good for day/short-term swing trade though.
UnknownUnicorn2413721
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@starsora04, agreed again. We'll know in a few hours how it opens on the Hang Seng. Also found a BABA coin. Need to add that to the charts. Backed by some German Regulated outfit.
UnknownUnicorn7245819
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@JustCharts, Doesn't look good for BABA here in the US market. it dropped below 140 today.
UnknownUnicorn2413721
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@starsora04, Yep, bears are in equities, that's why I trade crypto. This banksters hours thing and three day settlement is for the dark ages! I might put in a bid at $129.29