Hello everyone. As I expected my previous idea of BABA, it managed to conquer the downtrend line with a higher high pattern.
What's next?
From the daily chart, it might dip a bit or go sideways to accumulate momentum before retesting the long-term MA in red color again.
I think I've listed enough reasons for the bullish setup after the weak performance of over 230 days.
With limited room to go down, my trading target is over 255.
Stay safe and trade safe! Give me a like if you're with me.
What's next?
From the daily chart, it might dip a bit or go sideways to accumulate momentum before retesting the long-term MA in red color again.
I think I've listed enough reasons for the bullish setup after the weak performance of over 230 days.
With limited room to go down, my trading target is over 255.
Stay safe and trade safe! Give me a like if you're with me.
Nota
The bad news from DIDI triggered sell-off Chinese tech stocks in HK market. BABA, Tencent, Meituan tumbled today. Technically, the uptrend has been terminated with lower low created. If you have the exposure, you might hold for a while before recovering. Nota
It's been a few days since the removal of DIDI's app from the app store, investors become calm down a bit and tech stocks are moving up to recover losses from overreaction to the sudden news. 
plan your trade and trade your plan
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plan your trade and trade your plan
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.