regarding BABA, first off I have a client I consult with who
loves it so I've been charting it for him for a while. His fund
manages something like 50 Billion, close to Steve's account size
LOL
sounds like you were long coming into today? I've traded it a
couple times myself, bought and stopped out, bought back yesterday.
For now I'm willing to give some room - the wedge measures higher,
that said desn't mean I might not lock in some gains. The gap if it
can close strong on good volume would be considered a breakaway gap
- so maybe best to see how it closes
Posted by kevindeng0727 on 7th of Oct 2021 at 10:31 am
Yea, I bought BABA, JD and PDD yesterday... and KWEB a bit
higher some days ago but also on a profit... So for sure need to
trim a bit.
Thank you for the insights. I also think if US market does okay
in Q4 these stocks could perform well. There will be some positives
like China cutting reserve rates (1-2 times expected before end of
year).
A few long setups
Posted by matt on 6th of Oct 2021 at 08:06 pm
INSM - Chart Link- ATH - Chart Link- KHC - Chart Link- LXRX - Chart Link-
BEST - Chart Link- BABA - Chart Link-
Hey Matt, would you sell
Posted by kevindeng0727 on 7th of Oct 2021 at 10:18 am
Hey Matt, would you sell BABA for a quick profit today or hold?
regarding BABA, first off I
Posted by matt on 7th of Oct 2021 at 10:27 am
regarding BABA, first off I have a client I consult with who loves it so I've been charting it for him for a while. His fund manages something like 50 Billion, close to Steve's account size LOL
sounds like you were long coming into today? I've traded it a couple times myself, bought and stopped out, bought back yesterday. For now I'm willing to give some room - the wedge measures higher, that said desn't mean I might not lock in some gains. The gap if it can close strong on good volume would be considered a breakaway gap - so maybe best to see how it closes
Yea, I bought BABA, JD
Posted by kevindeng0727 on 7th of Oct 2021 at 10:31 am
Yea, I bought BABA, JD and PDD yesterday... and KWEB a bit higher some days ago but also on a profit... So for sure need to trim a bit.
Thank you for the insights. I also think if US market does okay in Q4 these stocks could perform well. There will be some positives like China cutting reserve rates (1-2 times expected before end of year).
I view recent low on
Posted by kevindeng0727 on 7th of Oct 2021 at 10:33 am
I view recent low on KWEB as a successful retest & higher low by the way.