I'm not interested in $Alibaba(09988)$
However if I were interested and wanted to buy or add, I would look use the moving average as support to buy.
For HK BABA, it's at the 20ma about $165 now. You can add if you die die must buy BaBa now but I would rather wait till it hits the 50ma at $140 which coincides with a previous swing high. That makes it a stronger support.
For US BaBa, it's between 20ma and 50ma. This most likely means it's going to fall to 50 ma at $145. This price also coincides with a previous swing high.
Therefore, checking both HK BABA and US Baba... 50ma is a good price to buy.
Modify on 2025-10-12 15:16
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- fizzloo·10-13That sounds like a solid strategy! Waiting for that 50ma support might really pay off.1Report