$BABA long term uptrend still valid or not?

5 Ağu 2021

BABA
The uptrend support line since the year 2016 is tested. Although it outshoots by a bit due to china news, it rebounds strongly back into the uptrend.
With a stable earnings report just announced, plus a lot of new reinvestment done by the management to further increase their revenue, the next few quarters could be quite interesting.
If the price can stay around here with a higher rebound, it should prove the support is still valid.

Anyway, anything can happen. Let's see.

10 Ağu 2021

Not

This might be a good time to add shares to your holdings.
More and more coverage on YouTube and news about BABA being undervalued.

It seems the support is still strong. But it needs few weeks to confirm this support.

*Trade at your own risk!