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Daily 4XSetUps - BABA (Daily) Stopped Out: Again Below 100 USD
2024/10/17
Daily 4XSetUps - BABA (Daily) Stopped Out: Again Below 100 USD
“the roller coaster ride of chinese stocks continues - without me”
The measures recently announced by the Chinese government to support the ailing economy has been moving stocks in China for weeks. Despite the announced provision of billions in aid, the reaction of investors remains consistently skeptical. This was particularly evident on last 1-2 days, last 2-3 days, when stocks of major companies such as Alibaba and Baidu suffered noticeable losses. However, the Chinese e-commerce giant NYSE:BABA is dependent on the Chinese government. And I don't want to and can't assess that. Because when I formulated the first of the last two 4XSetUps - last year (according to the Chinese calendar) - such an economic roller coaster ride for Chinese stocks was not even thought of? at least from my side! That's why I'm holding back for the time being when it comes to the NYSE:BABA share. Because in the case of every Chinese share on New York Wall Street, in the USA, major world politics is not left out. And I don't want to, I can't, as a German Croat and even a Catholic friend of Jews, oversee this.
And from a technical analysis perspective? $100 stop price! As in the second 4XSetUp, after the price target of the first 4XSetUp was achieved after just a few days. Which was originally dated at the end of June 2025 (according to the Gregorian calendar). Therefore, I would not want to trade, let alone invest, the NYSE:BABA share for the time being! Only for technical reasons - if any? But certainly not today! Let alone tomorrow! May be next week again? I don`t think so today...
Have a good time
- regardless of the price action!
Aaron
“daily 4XSetUps - …” is pure information material!
By trying to give you even more information about some trading capabilities to trade and/or invest in some securities. This post is not a call to action - it only provides information. You decide (not) to decide. Even if I am writing daily 4XSetUps with concrete entry prices, target prices and/or also stop prices! It is like it is - like I said; You decide to respond to the analysis I just formulated to buy, to sell, or to do nothing! More information about my approaches to investing in something specific or just trading it, or even just describing it, can be found in the daily "Another 48h - DXY ...! Analysis Post. Where I try to track the price action in TVC:DXY every day so that we learn something new daily.
Daily 4XSetUps - BABA (Daily) Stopped Out: Again Below 100 USD
“the roller coaster ride of chinese stocks continues - without me”
The measures recently announced by the Chinese government to support the ailing economy has been moving stocks in China for weeks. Despite the announced provision of billions in aid, the reaction of investors remains consistently skeptical. This was particularly evident on last 1-2 days, last 2-3 days, when stocks of major companies such as Alibaba and Baidu suffered noticeable losses. However, the Chinese e-commerce giant NYSE:BABA is dependent on the Chinese government. And I don't want to and can't assess that. Because when I formulated the first of the last two 4XSetUps - last year (according to the Chinese calendar) - such an economic roller coaster ride for Chinese stocks was not even thought of? at least from my side! That's why I'm holding back for the time being when it comes to the NYSE:BABA share. Because in the case of every Chinese share on New York Wall Street, in the USA, major world politics is not left out. And I don't want to, I can't, as a German Croat and even a Catholic friend of Jews, oversee this.
“Meditation more than anything in my life was the biggest ingredient of whatever success I’ve had.”
Ray Dalio
And from a technical analysis perspective? $100 stop price! As in the second 4XSetUp, after the price target of the first 4XSetUp was achieved after just a few days. Which was originally dated at the end of June 2025 (according to the Gregorian calendar). Therefore, I would not want to trade, let alone invest, the NYSE:BABA share for the time being! Only for technical reasons - if any? But certainly not today! Let alone tomorrow! May be next week again? I don`t think so today...
Have a good time
- regardless of the price action!
Aaron
“daily 4XSetUps - …” is pure information material!
By trying to give you even more information about some trading capabilities to trade and/or invest in some securities. This post is not a call to action - it only provides information. You decide (not) to decide. Even if I am writing daily 4XSetUps with concrete entry prices, target prices and/or also stop prices! It is like it is - like I said; You decide to respond to the analysis I just formulated to buy, to sell, or to do nothing! More information about my approaches to investing in something specific or just trading it, or even just describing it, can be found in the daily "Another 48h - DXY ...! Analysis Post. Where I try to track the price action in TVC:DXY every day so that we learn something new daily.
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