BABA: Can't be in a bear market forever
Rumors of an additional round of stimulus to stimulate consumer spending in China are starting to surface which is starting to cause a rise in Chinese stocks.
Alibaba could be trading in Wycoff Accumulation, finding support at fib channel line/.618 fib. Also, Alibaba just crossed the 1.618 fib ring indicating volatility is on the horizon.
Taking a look at the Hong Kong 50 Index, HK 50 bottomed at the 1.618 fib at 14,500, and recently had a strong bounce off 18,200 which has historically been critical support.
Looking for BABA to retrace back to $166 / 200W MA
Alibaba could be trading in Wycoff Accumulation, finding support at fib channel line/.618 fib. Also, Alibaba just crossed the 1.618 fib ring indicating volatility is on the horizon.
Taking a look at the Hong Kong 50 Index, HK 50 bottomed at the 1.618 fib at 14,500, and recently had a strong bounce off 18,200 which has historically been critical support.
Looking for BABA to retrace back to $166 / 200W MA
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.