sp_sander

Alibaba stock LONG

Long
sp_sander Updated   
NYSE:BABA   Alibaba Group Holdings Ltd.
Possible scenario for #baba.

Long downtrend and major support waiting. Maybe we go and touch this zone but lets see. The idea is the same.

- We need breakout from red trendline
- We need breakout res. zone and re-test it

Buy zone above resistance and enter after re-test
TP points from fibonacci
Trade active

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.