jangseohee

BABA, channel change with price movement

Long
NYSE:BABA   Alibaba Group Holdings Ltd.
2
Though stop out previously, yes price was rejected by 8&20ema
but price are in an uptrend channel and 2 consecutive inverted hammers appeared at the channel support.

I take this cue as bullish more than bearish . Plus, MACD not hitting zero, and RSI found support.

Long orders:
102-104


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