Alibaba NYSE:BABA shows good potential for opening a LONG position.
Can be seen in the chart (W) how after a few red candles in previous weeks, the stock seems to be respecting the long-term support trendline. Moreover, a previous resistance (230USD) acted as support. For lowering the risk, we could wait for the MACD signal (at the expense of decreasing the potential reward).
Recommendation: LONG on NYSE:BABA, SL = 211USD, P.O. = 320USD
Can be seen in the chart (W) how after a few red candles in previous weeks, the stock seems to be respecting the long-term support trendline. Moreover, a previous resistance (230USD) acted as support. For lowering the risk, we could wait for the MACD signal (at the expense of decreasing the potential reward).
Recommendation: LONG on NYSE:BABA, SL = 211USD, P.O. = 320USD
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.