Entered this degenerate trade.
Good risk reward ratio.
Historically, buying at the bottom of the main channel proved profitable.
Monthly RSI starting to bottom out.
I'm betting the DIAMOND support line is gonna hold again.
I'm willing to wait this out until next earnings in August.
Previous earnings were negative because BABA paid a monopoly fine.
Chinese middle class is growing.
BABA is posturing to dominate Asian cloud services by building data centers in Manila and South East Asia.
Chinese government is okay with Jack Ma being alive.
Good risk reward ratio.
Historically, buying at the bottom of the main channel proved profitable.
Monthly RSI starting to bottom out.
I'm betting the DIAMOND support line is gonna hold again.
I'm willing to wait this out until next earnings in August.
Previous earnings were negative because BABA paid a monopoly fine.
Chinese middle class is growing.
BABA is posturing to dominate Asian cloud services by building data centers in Manila and South East Asia.
Chinese government is okay with Jack Ma being alive.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.