highhand
10-12

I'm not interested in $Alibaba(09988)$  or $Alibaba(BABA)$  

However if I were interested and wanted to buy or add, I would look use the moving average as support to buy.

For HK BABA, it's at the 20ma about $165 now. You can add if you die die must buy BaBa now but I would rather wait till it hits the 50ma at $140 which coincides with a previous swing high. That makes it a stronger support.

For US BaBa, it's between 20ma and 50ma. This most likely means it's going to fall to 50 ma at $145. This price also coincides with a previous swing high. 

Therefore, checking both HK BABA and US Baba... 50ma is a good price to buy.

Modified in.10-12
ARK Back in China! Can Fresh Confidence Signal a New Cycle?
ARK’s first investment in Alibaba dates back to 2014, shortly after the company’s IPO. However, since September 2021, public filings have shown no record of ARK holding or voting in Alibaba — coinciding with China’s regulatory crackdown on the internet sector. This latest repurchase of Alibaba shares is therefore seen as a strong signal of ARK’s return to the Chinese tech sector. Recently, ARK has been gradually rebuilding its positions in Chinese tech names, having already repurchased Baidu earlier.
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Comments

  • fizzloo
    10-13
    fizzloo
    That sounds like a solid strategy! Waiting for that 50ma support might really pay off.
    • Barcode
      🙏🏼 Grateful you took time for my post, it’s sharper minds like yours that make this space better.
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