CryptoFundManager

BABA Alibaba Group bearish signals and accumulation area

NYSE:BABA   Alibaba Group Holdings Ltd.
Here i told you about the potential continuation of the selloff:
Now the U.S. House of Representatives has unanimously approved legislation that would allow for the delisting of Chinese companies unless they meet audit standards in the United States!
The legislation passed the Senate and will next go to the desk of President Trump, who is widely expected to sign it into law.
I assume that Fear, Uncertainty and Doubt will affect the Chinese stocks in the near future.

The indicators are bearish , btw, as you can see in the chart!
Now i think Baba is in a nice accumulation area.
Of course in time has the potential for higher highs, but for now, for the day traders, Alibaba seems bearish .

If you are interested to test some amazing BUY and SELL INDICATORS that i use, which give the signal at the beginning of the candle, not at the end of it, just leave me a message.

Comments

Wouldn't having proper audits be a bullish case for Chinese companies? Or is the assumption that they will not be able to meet U.S. audit standards?
+2 Reply
CryptoFundManager joelhoelting
@joelhoelting, look, i am asking you now: is it a possibility they inflate those numbers to make their stocks more valuable? don`t know until you have the right audit! you saw what happened to wirecard. i believe in Alibaba, don`t get me wrong, but i also lived in dictatorship and they reported gains after gains every year and the people were poor. So i think an US audit would be a great idea!
+1 Reply
Interested in your BUY and SELL indicators, please.
+1 Reply
@ssabidh, just sent them. sorry for the delay.
Reply
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