Hey Matt, would you sell

    A few long setups

    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.

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