Alibaba long

2023년 5월 9일

Alibaba looks bullish as we expect the chart to form a double bottom pattern. We expect it to rebound from the strong resistance levels.
There is also a bullish cross-over on the MACD line.

Risk-reward ratio is 10.64.

Entree price at 81.74
Taking profit at 120.06
Stop loss at 78.05