Chinese Asset Welcomes Great Booming!
Hello everyone！Today i want to share some technical analysis with you!
In February I highlighted $Alibaba(BABA)$ $BABA-W(09988)$ and $TENCENT(00700)$ as a part of the "Outside US Equities" trade category, market titans that had declined 70-80%.
Nearly 7 months later both Alibaba and Tencent have traded at the trade idea targets, up 60%+. A relatively clean trade. For me, this marked a spot to record some profit. [Happy]
Secondary trade targets for Alibaba & Tencent are 175 and 75 respectively. In the same trade category is Coupang which is also nearing its initial trade target.
I remain bullish on all three.
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https://x.com/tomthetrader1/status/1842974320546709561
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