Alibaba Group Holdings Ltd.
Long
Aggiornato

Going into an inverted Head and shoulder

1 619
Alibaba move into a very long downtrend

Very probably it will reverse soon

At the end of the channel an inverted Head & shoulder is forming right now

Check neckline breakout at 78$ and most importantly a close above purple trendline as a final confirmation of the new uptrend
Nota
Honk Kong closing give a very important bullish signal
Price moved inside ascending channel and bounced on border
Nota
istantanea
Nota
Price broken down green channelup on USA and Honk Kong closing every possibility for a recovery on these days
Nota
Honk Kong market
A symmetrical compression is going on...

I think it will break the long channeldown
When the new bullish trend starts it will be powerfull!

istantanea
Nota
Honk Kong... bottom triagle breakout
Maybe price will go down again to 65 forming a double bottom

istantanea
Nota
Breakout in Honk kong tonight, price get out of long channeldown

Probably will happen the same in US today

istantanea

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