long $baba. scale in all the way down to 120 dollar (nov 2014 high)
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$BABA down to 110 dollar. filled more yesterday @ 120 and today @ 113
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think we may have finally bottomed. short term look for it to fill the daily gap around 148 - 160 area and stall there for a while. also worth noting BABA is up 14% ytd. outperforming nearly all large caps and indexs. i expect this to continue for 2022
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Monthly close over 100 would be very strong. Good news out of China this morning that the PROC would stabilize its capital markets. Still down pretty good amount here, but I am in good company with who else owns this stock so I'm not to worried yet.
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Monthly closed @ 108 . Long wicks like these usually signal a high probability of trend reversal.