Long BABA @$78 | Potential Inverse H & S formation at play
No position open yet.
The Fed raised rates by another 25bps the past week and indicated that more rates are still likely to occur in the future.
My long entry point at $78 is to allow the market to breath a bit after the recent rally. China recently eased their covid zero policy and so economic activity should pick up going forward, this is good news for BABA.
Higher Inflation > Higher Interest Rates > Potential Recession ...
The Fed raised rates by another 25bps the past week and indicated that more rates are still likely to occur in the future.
My long entry point at $78 is to allow the market to breath a bit after the recent rally. China recently eased their covid zero policy and so economic activity should pick up going forward, this is good news for BABA.
Higher Inflation > Higher Interest Rates > Potential Recession ...
Nota
Baba is testing an important resistance level after bouncing off the right shoulder. All the best to Long Term holders
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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.