The Long Investor
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HSI
🕑 Added 2025-03-06 12:31:02 +0000 UTCA very very clear retest of a strong resistance/support level on the blue line at 22.717 and now there is a bounce and a higher high.
$BABA could not go any lower than $126 because the HSI held this suppport.
And so far this Wave 3 for both the HSI and $BABA have been very aggressive, which can happen after a long period of consolidation, as we can see clearly here from October 2022 to October 2024.
Which is why we accumulated $BABA for 2 years and strictly kept to our strategy, I know it was not easy for some people to listen for 2 years of me saying "Stick with $BABA' ' Keep accumulating'....or my personal favourite "$BABA is on the shelf now and under no circumstances am I selling'......when you buy undervalued positions across all metrics, it is easy to hold for me.
Comments
John McCarthy
Excellent point about the correlation between HSI & BABA 🙏
MK
This was a great lesson in patience…it’s been very rewarding!
