BABA: INVERTED HEAD AND SHOULDERS PLAY

ที่อัปเดต:
This is Alibaba daily chart.

Price currently just below 0.618 Fibonacci retracement level from October low to January high.
Possible inverted head and shoulders to consider as well.
RSI in the lows.
There are a few gaps that could be filled. so I see 77-82 as a potential buying zone for a long term investment into this Chinese beaten down stock OR a good bounce zone for a short/mid term trade.

Trade safe!


การซื้อขายยังคงดำเนินอยู่
82 was a buy.
The $17 move higher is just the beginning.
BABAchinesestocksFibonacciFibonacci RetracementHead and ShouldersInverse Head and ShouldersinvertedheadandshouldersSupport and Resistancetradeidea

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