Alibaba Group Holding Ltd.Viés de alta
BABA: Testing Daily 200 SMA on Falling Wedge; Gimme Bounce Here!
Baba is approaching the key level of the 200 SMA, a zone where price has respected and bounced sharply off in the past! What's crucial to note is this is occurring off of a falling wedge pattern, and RSI in the 30s showing oversold conditions.
- Calling 108 as an interim bottom here
- Looking for 117.7ish as the next leg towards where price is headed
P.S: This name is very undervalued financially with many analysts placing a fair value of around 145 or so, BABA is buying back shares, and inking new customer centric deals/partnerships
I like the risk to reward of going long here!
- Calling 108 as an interim bottom here
- Looking for 117.7ish as the next leg towards where price is headed
P.S: This name is very undervalued financially with many analysts placing a fair value of around 145 or so, BABA is buying back shares, and inking new customer centric deals/partnerships
I like the risk to reward of going long here!
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.