Tripple Top : Alibaba (Hold)

Alibaba fail to rally further above 190 for the third time - Tripple Top.
Doji formed at the peak around 190 with Oscillator oversold.
Based on Fibo, price is expected to pullback to 179-184 region to test EMA20 (support) where it can be potential buy area.

Commento:

Update : Spot on. Apparently, the price drop to around Fibo 0.618 or $180 after fail to break double top..
Looking at overall chart, The price has achieve 100% above rounding bottom patterns (ie. $60 -> $120 -> $180). Looks like $180 is very important resistance turned support line..
Further buy above $192 where price break triple top...

Trade chiuso: obiettivo raggiunto