$BABA-W(09988)$ $BABA-W(09988)$ Alibaba is oversold, It continue to break all the support level, I think next level will be $100, I will at around this price again this week. Honestly I'm very happy it keep falling, else how am I going to have chance to buy such a good company at such low valuations. Once earning release people are going to start FOMO and buy Alibaba.
$BABA-W(09988)$ $BABA-W(09988)$ I'm no longer bearish with Alibaba as the price hit as low as 106 last week. I manage to buy at 106.7 as I think it is oversold. Now Alibaba is consider cheap again. I was considering to buy into tencent but I think Alibaba will bring more value over the longer term. I expect Alibaba price to recover and will hit 200 by year end.
$BABA-W(09988)$ $BABA-W(09988)$ keep to my word, price dropped to my target price of 110 and below. I added at 106.7 for 300 shares. If it fall to 100 I will add some more but of cos I hope it does not drop further. I think Baba is very cheap at this price and gone into oversold territory. Have you added? if not what price you are waiting for?
$BABA-W(09988)$ $BABA-W(09988)$ BABA continue to have selling pressure and I think I'm right to continue to be patient and not average up yet, price can easily be down another 10% to my 110 price target. This week will be AI stocks related sell off. So let's see if it will reach my target price.
$BABA-W(09988)$ $BABA-W(09988)$ Alibaba looks to break 120 level this week, it is looking very interesting and good price to add if you don't have any position but I will add only if 110 or lower. My average price is about 94, so I don't mind average up again cos it is still seems undervalued. This price weakness may continue for sometime, so I'm not in a rush to add.
$BABA-W(09988)$ $BABA-W(09988)$ Alibaba looks breaking trend line and moving lower and will test 120 in this coming week. With the weakness in the China tech, I think we may have a chance to buy some at 110 range to 120. Waiting patiently for the right opportunity. At what price you will buy in?
$BABA-W(09988)$ $BABA-W(09988)$ Alibaba at technical support level, will it bounce from here? Next support level at 125. I'm hoping it break support and drop below 120, so I can add more. Alibaba is expanding their AI cloud business and may have bright future. Are you holding on to Alibaba like me or you have gave up waiting?
$BABA-W(09988)$ $BABA-W(09988)$ BABA been consolidating around the price level But I think still need to be patient and price may pull back during Trump visit to Xi. Market always sell first during nervous time. So I would consider to add at that time.
$BABA-W(09988)$ $BABA-W(09988)$ $BABA-W(09988)$ Alibaba near 52 week low, lowest point at 101. I'm waiting patiently for 110 to add further. If I'm not vested then I think I would start to add now as it is considered cheap.