BABA has more downside left
People who are referring to Charlie Munger , Ray Dalio and other Gurus taking positions in Baba, prove again and again that we are retail herds.
You know their positions for last quarter after 13F filings does anyone know their short positions and Option Strategies.
TV Media / Youtube Videos and other blogs keep spreading the narrative about Baba is available at great valuation and the herd follows the Fundamentals and Shmundamentals.
Its happened in the past and it will keep happening but the way the herd will be played will be different.
Looking at the Technical , there are 2 areas where the price can bounce, around $110 and then around mid 80s. Till then I don't see Bulling Divergences, Not much Volume , and no strong Bulling Patterns.
At Smaller Time Frames like the 1 Hr, there is a bullish pattern forming, but it will not last due to strong Downward trend on the Daily.
There is a chance of another downtrend around Feb earnings season. Then Sideways Consolidation till Aug-Sept 2022.
You know their positions for last quarter after 13F filings does anyone know their short positions and Option Strategies.
TV Media / Youtube Videos and other blogs keep spreading the narrative about Baba is available at great valuation and the herd follows the Fundamentals and Shmundamentals.
Its happened in the past and it will keep happening but the way the herd will be played will be different.
Looking at the Technical , there are 2 areas where the price can bounce, around $110 and then around mid 80s. Till then I don't see Bulling Divergences, Not much Volume , and no strong Bulling Patterns.
At Smaller Time Frames like the 1 Hr, there is a bullish pattern forming, but it will not last due to strong Downward trend on the Daily.
There is a chance of another downtrend around Feb earnings season. Then Sideways Consolidation till Aug-Sept 2022.
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