Alibaba Group Holdings Ltd.Güncellendi Potential 60% move Bull Flag Set Up if resistance become support
Baba traded down 5% Thursday
and currently down early premarket for Fridays Trading session
Looking at the Monthly Chart. There are a few things that stand out to me
1) double bottom
2) Potential Bull Flag
3) Baba actually closed below the 1st resistances level I pointed out, but not the second. It would have to close below $81 to invalidate the 2nd resistances level as support. I believe the 2nd resistances level is a key retest and needs to be flipped to support.
4) If Baba can close above both resistances, then we have a valid Bull Flag set up and Im looking at $130 Baba stock price. Thats over 60% from current stock price.
*No Position, looking for confirmation*
I'm Neutral til confirmation
and currently down early premarket for Fridays Trading session
Looking at the Monthly Chart. There are a few things that stand out to me
1) double bottom
2) Potential Bull Flag
3) Baba actually closed below the 1st resistances level I pointed out, but not the second. It would have to close below $81 to invalidate the 2nd resistances level as support. I believe the 2nd resistances level is a key retest and needs to be flipped to support.
4) If Baba can close above both resistances, then we have a valid Bull Flag set up and Im looking at $130 Baba stock price. Thats over 60% from current stock price.
*No Position, looking for confirmation*
I'm Neutral til confirmation
Not
monitoring the 15min chart... looking for a strong close in the range of 84.6-84.8.. its holding up well, as long as I dont see $81 close or below its gravy Not
FXI Chart showing promise, good correlation to BABA Stock... if it moves in the direction of the AD we have a high probability of lift off this week for both stocks 
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.