Possible second leg for BABA!!

26 Şub

Hi, everyone, As you can see in the chart, Alibaba's stock has formed a beautiful triangle pattern after a prolonged correction in both price and time. With the divergence observed on the MACD and RSI in the weekly chart, I believe that we can expect higher numbers in the near future. The first target is $121, and the second target is 131.can monitor the trade using the weekly time frame's RSI protection trend line. #baba #nasdaq #alibaba BABA

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3 Eki

İşlem kapandı: hedefe ulaştı

Hello everyone, Baba has reached the target of 119. It was one of the main targets. I think there could be some resistance and correction around this level. The target has been closed. I still think it could be good in the long term, but for reached and the trade has been those who bought around 80, it's a good time to take profit.