Hubert Senters here.
Let’s take a look at a question I’ve got from Steve.
Hi Hubert,
Appreciate your videos. Any thoughts on BABA? Thanks, Steve.
Well, Steve let me grab the chart really quick. So BABA, Alibaba is a decent short in my opinion. Right here is an agressive break below the cloud.
There’s a moderate. There’s a conservative. And the lagging line is almost falling it. So it looks like it’s going to go lower.
Now, you do have a little bit of support. In this area right here you can see like a double or triple or a quadruple little bottom there.
Right there in that area you can see it’s bouncing all over the place. So I would target that as your first initial target which would be around just slightly below like $247 to $245. If that does not hold which it may not you’ve got gaps down here at $225 and also at $215.
Ron Haydt is going to be doing a webinar. He’s a really good presenter. If you’ve never seen him before I highly recommend him. He’s a really solid dude.
Go checkout his webinar. See the top 10 stocks for the end of the year. They’ve got a really cool piece of software and SAS which is a software, a subscription. Go check it out. It’s really nice and Ron’s a nice guy.
I’m going to HYPERLINK you to the registration page.
Good luck. Hope it helps. See you on the next video.
Hubert.
