$BIDU-SW(09888)$ $BIDU-SW(09888)$ Baidu struggling below 50 day moving average line, Trump will visit China on 18 May so there May be volatility until June. I'm still hoping to catch Baidu at 105. I will not add if it does not come to my level. I continue to wait and see. There is no rush to buy.
$BIDU-SW(09888)$ $BIDU-SW(09888)$ missed the chance to buy at 108 as I was waiting for it to go to 105 and lower but there may still have chance due to trump will visit China in 1 month so price may be very volatile during this quarter. I'm not rushing to buy and on a wait and see approach. What is your strategy?
$BABA-W(09988)$ $BABA-W(09988)$ BABA almost hit my target price of 115, I still think it will come to 110 - 115 range, I don't think it is the bottom yet, Trump will meet Xi soon, so another round of volatility. on the price action it is actually a bear flag. anyeay there are too many short term negatives but long term I remain bullish. I remain confident and continue to hold my position.
$BABA-W(09988)$ $BABA-W(09988)$ 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.