ALI BABA: NEAR STRUCTURAL RESISTANCE
ALI BABA : NEAR STRUCTURAL RESISTANCE.
In daily time frame, we can see market is moving in a clear downtrend structure.
The recent lower high is at 125$ which can act as a Major Structural Resistance for the market.
Market is expected to continue its downtrend in upcoming sessions.
If resistance of 125$ manages to hold the market, we can see the levels of 85$ per share in near future.
If Market will break the level of 125$ per share, a new Bullish trend will start in a market.
There are chances market may test the key levels of 85$ in upcoming sessions.
In daily time frame, we can see market is moving in a clear downtrend structure.
The recent lower high is at 125$ which can act as a Major Structural Resistance for the market.
Market is expected to continue its downtrend in upcoming sessions.
If resistance of 125$ manages to hold the market, we can see the levels of 85$ per share in near future.
If Market will break the level of 125$ per share, a new Bullish trend will start in a market.
There are chances market may test the key levels of 85$ in upcoming sessions.
Trade closed: target reached