$BABA-W(09988)$ $BABA-W(09988)$ I don't think baba bottom yet. Those fomo buy last week must be conned by trump. It is still on a downwards trend and may not rebound so fast. So sit tight and ride this downward slope. Looking for opportunity to add,
$SPDR Gold ETF(GLD)$ $XAU/USD(XAUUSD.FOREX)$ Gold hit its former support level turned resistance. Look at the chart it is all technical, it hit its 200 moving average and bounced and not hitting resistance. In the short term it will be heading downwards but in a mid to longer time frame I remain bullish for gold given US will lower interest rates and loosen monetary policy, Trump is request USD 1.5 trillion dollars for their defense budget it is a 40% increase, where do you think that money will come from? It will come in the expense of devaluation of the dollar. In the short term I expect it hitting his 200 day moving average about 4150 - 4200 range before bouncing up again. the
$BABA-W(09988)$ $BABA-W(09988)$ Alibaba near $120 support, I believe that support will be broken. further pull back is expected due to oil crisis/iran war. I still maintain looking to add at around 115 - 110 price range.
$BABA-W(09988)$ $BABA-W(09988)$ Alibaba earning result disappointing due to lower EPS from higher marketing cost. There is short term bearish sentiments and it may drop further to my 115 price range, I'm looking to add around this level. Long term I'm confident with Alibaba so I don't mind average up if price is right.
$BABA-W(09988)$ $BABA-W(09988)$ this week BABA will announce their Q4 earnings. It may still drop further if result is not good. I don't think the drop is finish and that's why I have not considered to add to my position. EPS maybe weaken due to competition.
$BABA-W(09988)$ $Alibaba(BABA)$ $BABA-W(09988)$ Alibaba drops as low as HKD125 last week And rebounded to 130. I think there is still room for further drops until earning release for the big rebound. I may add some if he goes to HKD 115 - HKD 110.
$BABA-W(09988)$ $BABA-W(09988)$ Alibaba price have come below 200 MA. With current uncertainty, I expect price to be under pressure in the short term until earning results is released. I expect earning results to bring positive news to lift the stock price for a rebound. BABA remain a huge potential, therefore I will be holding it for the long term.
$XAG/USD(XAGUSD.FOREX)$ $SPDR Gold ETF(GLD)$ Gold chart looks like breaking out of a triangle, which is bullish. it looks to continue on an uptrend to recapture its all time high again. With the tension going on in Iran and uncertainty of tariff we can expect safe haven assets to continue to be strong Where investor go to risk off. look at it this way, the central banks around the world are still holding or increasing their gold position. As long there is demand from central banks then gold have very good potential for ATH again and again. Therefore I'm holding gold and don't intend to sell anytime soon. are you holding gold? Look
$XAG/USD(XAGUSD.FOREX)$ $iShares Silver Trust(SLV)$ Silver breakout of resistance level where it has been consolidating. With the current confusion on tariff and uncertainty, I think silver have a good chance to recapture $100 level before breaking all time high again. Now $84 will be support level. Would you still add to your silver position at current level? I'm holding on and don't intend to sell any time soon. I will consider again at the end of Donald Trump presidency. As long he is president, we will have uncertainty which is good for safe haven assets. Do you agree?