AliBaba's ABC correction may be ending soon & the wave 1 rally will be fast
because BABA still has very good fundamentals & the stock is way way undervalued FOR NOW.
Charlie Munger has just averaged down on his previous purchase.
Two potential entry points:
1) price breaks above & holds the ma20 weekly which has been rejecting the price down
since it was first broken
2) ma50 crosses above ma200 ...the Golden Cross
these potential dates are only rough estimates if things go well going forward.
pls do make your own analysis before trade.
because BABA still has very good fundamentals & the stock is way way undervalued FOR NOW.
Charlie Munger has just averaged down on his previous purchase.
Two potential entry points:
1) price breaks above & holds the ma20 weekly which has been rejecting the price down
since it was first broken
2) ma50 crosses above ma200 ...the Golden Cross
these potential dates are only rough estimates if things go well going forward.
pls do make your own analysis before trade.