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
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.