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dukeposh

9988 | Alibaba - Wave Analysis | Inverted H&S TFW Target +100%

Long
ALIBABA GROUP HOLDING LTD (HKEX:9988)  
dukeposh  
HKEX:9988   ALIBABA GROUP HOLDING LTD
Trend Analysis Chart Patterns Wave Analysis Hang Seng HSI 9988 priceaction elliottwaveprojection elliottwavecorrection invertedheadandshoulders
3
0
trendanalysis chartpattern waveanalysis hsi 9988 priceaction elliottwaveprojection elliottwavecorrection invertedheadandshoulders
Wave analysis and chart pattern projection:
> A possible valid inversed head & shoulders pattern in weekly timeframe, potentially 2-wave correction and rebound to retest the neckline resistance for a strong breakout.
> TP Inverted H&S @ 1.618 and 2.0 fibonacci +100+%
> MACD doubled bullish divergence signal golden cross above baseline indicating bullish move.
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