Alibaba Group Holding Ltd.Viés de alta
BABA: INVERTED HEAD AND SHOULDERS PLAY
Atualizado
This is Alibaba daily chart.
Price currently just below 0.618 Fibonacci retracement level from October low to January high.
Possible inverted head and shoulders to consider as well.
RSI in the lows.
There are a few gaps that could be filled. so I see 77-82 as a potential buying zone for a long term investment into this Chinese beaten down stock OR a good bounce zone for a short/mid term trade.
Trade safe!
Price currently just below 0.618 Fibonacci retracement level from October low to January high.
Possible inverted head and shoulders to consider as well.
RSI in the lows.
There are a few gaps that could be filled. so I see 77-82 as a potential buying zone for a long term investment into this Chinese beaten down stock OR a good bounce zone for a short/mid term trade.
Trade safe!
Trade ativo
82 was a buy. The $17 move higher is just the beginning.
Aviso legal
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