Xafada

Will the Double Bottom Breakout Today Achieve Upside Target?

Long
NYSE:BABA   Alibaba Group Holdings Ltd.
2
So far price achieved 24% from all time high and today's double bottom confirmation is suggesting upside price has more room to run and the measured target price is $87 but it wont be easy path for bulls a lot of geopolitics as well as global economic slow down may disturb this strong bounce. If you are not in the trade, make your stop loss at 50ma $67.24 with target price $87. Real time alerts go www.2waytrading.com

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.