BABA has been gapping down since its peak of 319.32 on October of 2020.
On the lower end, it now has this gap of 80.14 to 87.12.
Even lower than that is the gap of 62.78 to 64.04.
My take is that it will fill both of those lower gaps first, before slowly creeping back up to fill the higher ones.
BABA is a value play for me, and I intend to accumulate for the long term until retirement.
On the lower end, it now has this gap of 80.14 to 87.12.
Even lower than that is the gap of 62.78 to 64.04.
My take is that it will fill both of those lower gaps first, before slowly creeping back up to fill the higher ones.
BABA is a value play for me, and I intend to accumulate for the long term until retirement.