Alibaba (
BABA) is perfectly respecting structure:
Click chart above to see the detailed analysis👆🏻
With a rally of about +80% within a couple of weeks, Alibaba is clearly showing signs of bulls completely taking over. This pressure was not unexpected though after we perfectly witnessed the major trendline breakout a couple of months ago and a retest of the confluence of support.
Levels to watch: $140, $110
Keep your long term vision,
Philip (BasicTrading)
BABA) is perfectly respecting structure:Click chart above to see the detailed analysis👆🏻
With a rally of about +80% within a couple of weeks, Alibaba is clearly showing signs of bulls completely taking over. This pressure was not unexpected though after we perfectly witnessed the major trendline breakout a couple of months ago and a retest of the confluence of support.
Levels to watch: $140, $110
Keep your long term vision,
Philip (BasicTrading)
تم فتح الصفقة
Trading update on Alibaba (BABA):Click chart above to see the detailed analysis👆🏻
Slowly but surely Alibaba is also starting to reject the next major structure and overall just continues to basically respect every significant area. We can expect a drop of at least another -15% before Alibaba can then create another textbook bullish break and retest.
Levels to watch: $140, $110
Keep your long term vision,
Philip (BasicTrading)
أغلقت الصفقة: تم الوصول للهدف
Trading update on Alibaba (BABA):Click chart above to see the detailed analysis👆🏻
Volatility is always the first sign that we might actually see a short term shift in momentum. With Alibaba perfectly retesting a major resistance level and clearly faking out all short term traders, we can soon expect a corrective move lower and a retest of support.
Levels to watch: $140, $110
Keep your long term vision,
Philip (BasicTrading)
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#1 Video Author on @TradingView 🏆
Swing Trader since the Year 2019 💻
Daily Analysis from Monday - Friday 💰
4K+ Traders in Our FREE Community👇
discord.gg/jgdrYXwqyD
Swing Trader since the Year 2019 💻
Daily Analysis from Monday - Friday 💰
4K+ Traders in Our FREE Community👇
discord.gg/jgdrYXwqyD
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.