Alibaba fail to rally further above 190 for the third time - Tripple Top.
Doji formed at the peak around 190 with Oscillator oversold.
Based on Fibo, price is expected to pullback to 179-184 region to test EMA20 (support) where it can be potential buy area.
Doji formed at the peak around 190 with Oscillator oversold.
Based on Fibo, price is expected to pullback to 179-184 region to test EMA20 (support) where it can be potential buy area.
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Looking at overall chart, The price has achieve 100% above rounding bottom patterns (ie. $60 -> $120 -> $180). Looks like $180 is very important resistance turned support line..
Further buy above $192 where price break triple top...