Crazy times all, but from a technical analysis stand point, BABA looks like its in another good buy-in zone for those looking to get on the wagon. I adjusted the channel a bit. We are at the bottom of it, including more confluence of support (blue line, golden pocket of the FIB retracement, etc.
We're having a black swan event. Look at the overall trend of the US markets and other ones like BABA. It's not linear, but the trend has been UP since the begining of the stock market. Don't panic sell, wait!
We're having a black swan event. Look at the overall trend of the US markets and other ones like BABA. It's not linear, but the trend has been UP since the begining of the stock market. Don't panic sell, wait!