Looks like Baba broke the long term downtrend line yesterday. Here is my simple trading idea base on simple indicatiors (Moving average (MA) + Support/resistance level + William %R).
This is applicable if you are a long term investor, looking to average down your holding.
Potential buy = Near support + Wiliam %R below -80% (+ BONUS if touches any MA; 20,50,150,200)
Potential sell = Near resistance + William %R above - 20% (+ BONUS if touches all time high)
This is applicable if you are a long term investor, looking to average down your holding.
Potential buy = Near support + Wiliam %R below -80% (+ BONUS if touches any MA; 20,50,150,200)
Potential sell = Near resistance + William %R above - 20% (+ BONUS if touches all time high)