MichaldeW

BABA and the rise of tech

Viés de alta
NYSE:BABA   Alibaba Group Holding Ltd.
Tech has underperformed this month. I expect there to be a correction, in this bullish market as the underlying reason were not compelling enough for such a decrease relative to the other sectors (FCC ruling, nvidia boss selling stocks and expectation BABA overestimated operations). Specificly BABA has had a big hit, as seen by the extremly oversold RSI. blue horizontal lines are support levels and my next targets. exit if within 5 trading days BABA has not corrected towards trendmean as it could start moving sideways for a bit, which would be a primeur for BABA. Even though a head and shoulders pattern is about to fullfill in BABA i think the market is far too bullish and will ignore it.
Aviso legal

As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.