Are we maximum FUD yet? Baba has become sort of a meme at this point with it's never ending dips.. However It's important to ask yourself how likely is it that china completely sinks this company? Are we really at such a risk that it should be traded at levels seen in 2019? I personally feel comfortable nibbling at this point.. "Right now, Alibaba is trading...
Shares jumped almost 20% on news of two hydrogen fueling stations being created.. Yea you read that right, two glorified non-binding agreement fuel stations pumped a stock almost 20% (Market cap over 5B).. Don't fall for this crap.. insider share lock up ends April 30th.
Would you be comfortable holding SPY calls for the next two weeks ?
Once is hits 396-402 range consider going long again.
Our last forecast worked out quite well. I believe this company is still grossly overvalued and will probably tumble quite a bit further before it finds a true floor.
News has never been better for BTC! Between banks and hedge funds adding it to their portfolios, many digital payment services adding it, credit/debit cards planning to transact with it, companies adding it to their asset sheet, Kevin O'Leary & Elon Musk (+ other celebs) tweeting about it, and of course more stimulus money. I'm guessing we'll see some major...
I personally think this company isn't even close to the level of EA (Market cap of 37.53B) or Activsion/Blizzard (Market cap of 70.14B). It does have a little bit of a meme following so we could see surprise movements, although I doubt it.
BTC is in a very strange spot, there's a lot of indictors showing we're over due for a correction (RSI & MACD).. however the general news for BTC has been very bullish. The way I see it sooner or later we're gonna be retesting the 62k area. However the charts don't lie, if we fall into a correction scenario it's important to have a plan.