Alibaba (
BABA) just rejected a major resistance:

Click chart above to see the detailed analysis👆🏻
A couple of days ago Alibaba stock perfectly retested a major previous resistance level after rallying +45% just within a couple of weeks. We can first see more bearish movement and maybe even a retest of the trendline breakout level before Alibaba will continue its overall uptrend.
Levels to watch: $80, $110
Keep your long term vision,
Philip (BasicTrading)
Click chart above to see the detailed analysis👆🏻
A couple of days ago Alibaba stock perfectly retested a major previous resistance level after rallying +45% just within a couple of weeks. We can first see more bearish movement and maybe even a retest of the trendline breakout level before Alibaba will continue its overall uptrend.
Levels to watch: $80, $110
Keep your long term vision,
Philip (BasicTrading)
액티브 트레이드
Trading update on Alibaba (Click chart above to see the detailed analysis👆🏻
Alibaba is still perfectly following the analysis, creating the correction away from the resistance after the unbelievable rally of +50% within a couple of days. We could actually still see another -15% before Alibaba will then reverse and continue its bullish trend reversal.
Levels to watch: $80, $110
Keep your long term vision,
Philip (BasicTrading)
거래청산: 타겟 닿음
Trading update on Alibaba (Click chart above to see the detailed analysis👆🏻
Just after Alibaba perfectly broke above the long term resistance trendline and rallied more than 70% within a couple of weeks, we saw the expected bearish rejection over the past couple of days. Market structure is clear and if you went short at the top, taking partials is definitely a very smart move.
Levels to watch: $80
Keep your long term vision,
Philip (BasicTrading)
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👇🏻Free: SwingTrading-Academy
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SwingTrading.Simplified.
Investing.Simplified.
#LONGTERMVISION
discord.gg/jgdrYXwqyD
SwingTrading.Simplified.
Investing.Simplified.
#LONGTERMVISION
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.