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eddyson1006

$BABA short term for double down. Long term moon!

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Alibaba Group Holdings Ltd. (NYSE:BABA)  
eddyson1006  
NYSE:BABA   Alibaba Group Holdings Ltd.
Support and Resistance Trend Lines Triangle BABA babalong china chinastocks nasdaq
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supportandresistance trendline triangle baba babalong china chinastocks nasdaq
BABA
It seems $BABA want to test $191.

Based on history since IPO, the share price is in an upward trend. But there is 2 times the candle overshoot the support.

Expect the same, will drop to around $191 before a rebound.

Fundamentally great, can't go wrong unless China forces BABA to close which is impossible.

Idées en relation

eddyson1006
$9988 BABA HK breakdown of descending triangle.
eddyson1006
$BABA broke a half year downtrend. Currently only go up.
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