BABA Decided to go South..!
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In the weekly charts, you clearly see BABA broke its Bullish trend line after 297 weeks and finished the pullback, and continues its way to the south.
I believe it will see 150 and 130 if it closes below 170.
if you are eager to buy the dips be careful, and wait for coming dips, do not jump the gun until a clear reversal pttern.
Most Chinese stocks build strong bearish trends..!
I believe it will see 150 and 130 if it closes below 170.
if you are eager to buy the dips be careful, and wait for coming dips, do not jump the gun until a clear reversal pttern.
Most Chinese stocks build strong bearish trends..!
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