BABA Soaring Above the Cloud

15 Nis 2020

BABA seems to be able to take off. It is set up perfectly on the Ichimoku Cloud and does not look overbought or sold either. Long seems to be a good option as China has just started reopening its economy and this stock will likely do very well in the coming days compared to US stocks.

15 Nis 2020

Not

Just wanted to add that it just passed the 1 fib line, a major resistance area, so the stock looks ready for some long term growth