640 Billion Dollar turned into ashes..!
The collapse of BABA is twice as big as Evergrande's 300 Billion dollars debt crisis..!
I believe no one could imagine BABA at 73 dollars a share, but it happened!
Recommendation at these prices is really hard..!
If you hold these could be the risks:
- Chinese stock delist from US market
- Further decline to 58 or lower
So adding to your position when all the gains in the past years washed out 3 times faster does not make sense either..!
BABA's Downtrend is one of the strongest I have ever seen among Ultra big Caps..!
I believe no one could imagine BABA at 73 dollars a share, but it happened!
Recommendation at these prices is really hard..!
If you hold these could be the risks:
- Chinese stock delist from US market
- Further decline to 58 or lower
So adding to your position when all the gains in the past years washed out 3 times faster does not make sense either..!
BABA's Downtrend is one of the strongest I have ever seen among Ultra big Caps..!
Use the following link to access trading ideas: patreon.com/SniperTraderStocks?utm_medium=unknown&utm_source=join_link&utm_campaign=creatorshare_creator&utm_content=copyLink
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.