BABA: INVERTED HEAD AND SHOULDERS PLAY

2023년 3월 15일

This is Alibaba daily chart.

Price currently just below 0.618 Fibonacci retracement level from October low to January high.
Possible inverted head and shoulders to consider as well.
RSI in the lows.
There are a few gaps that could be filled. so I see 77-82 as a potential buying zone for a long term investment into this Chinese beaten down stock OR a good bounce zone for a short/mid term trade.

Trade safe!

2023년 3월 29일

액티브 트레이드

82 was a buy.
The $17 move higher is just the beginning.