$BABA for those still interested in Chinese stock
why? Stay away!
Yes it is cheap, yes it looks like capitulation, but why get yourself into the headache? China won't let any business get too big and gain power anyway. Keep that in mind. I keep posting these setups but if I took the trade I got out quickly. Catching a knife is dangerous.
But if you're still that guy who is convinced this is the opportunity of a lifetime, this combo 13 might be your trigger.
Although I would say at this point, when price is this low, wait for a higher low or higher high to be safe.
Yes it is cheap, yes it looks like capitulation, but why get yourself into the headache? China won't let any business get too big and gain power anyway. Keep that in mind. I keep posting these setups but if I took the trade I got out quickly. Catching a knife is dangerous.
But if you're still that guy who is convinced this is the opportunity of a lifetime, this combo 13 might be your trigger.
Although I would say at this point, when price is this low, wait for a higher low or higher high to be safe.