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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts

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To: Jacob Snyder who wrote (44714)11/24/2021 2:51:11 PM
From: Sun Tzu  Read Replies (1) of 96754
 
Here's the 5yr chart of BABA: schrts.co
Right now, the lowest point is 86.01. This will likely move up as we get close to the new year. By that time I am estimating the lowest point will be around 110 or something. If so, then that is when you buy it. If for some reason a month later it drops even more and goes to say 80, then 80 is the new lowest 5yr price and I will buy some more, averaging down. Barring some wild upswings, eventually it will move up from a low base. When that happens, and when both 21DEMA and 55DEMA point upwards, I will add to my long position. This goes on until I think I have enough or that it is time to take profits.
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