OguzhanSengor
Short

#BABA ANALYSIS.. POSSIBLE PATTERN FOR LONG TERM..

NYSE:BABA   Alibaba Group Holdings Ltd.
I think that the pandemic disaster we are in will continue for a long time and there will be a collapse in the markets on a global scale, in this context, I expect a structure in the stock as I stated in the chart.. The pattern I draw in the chart can be seen in many stocks, I think the second wave of sales will be more devastating, we will wait and see..

Disclaimer: Please do your own due diligence when it comes to investing.. Invest at your own risk..

I wish you all the best..

Comments

I appreciate the objective analysis. I tend to think it breaks out above $212-215 after earnings which would lead to additional gains, likely heading to $230ish. But this pattern is useful to be aware of in case rejects at 210 again. 👍
+1 Reply
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