NYSE:BABA   Alibaba Group Holdings Ltd
150 3 13
On 4h chart, it starts showing a divergence. Hope to see it moving down soon
Since the last earnings, BABA has been in the bullish channel. there is RSI divergence. Stoch appears being overbought and divergence. technically, BABA is due a reset/a pullback before the beginning of October. On 4h, the first support should be around 105.4x ~ 106.1x, the second one 103.6x, the third one 102.1x. the first resistance should be around 110.9x ~ 111.1x, the second one 114.xx ~ 115.xx, the third one 120.

gotta wait to see a confirmation at each support and resistance before taking any action.
traders/investors, good luck!
Comment: could see a potential buy soon. also need to see a confirmation before acting.

Comment: If this channel holds, BABA could go up to 108ish again.
Comment: The weekly

from 98.25 to 109, another 10% profit.
from 78.75 to 98.25, that's incredible. over 24% gain.
Hit the first tp. likely could have 3.5% ~ 4.5% profit (due to various R/R) if closing at the end of day today. if the resistance zone broke this week, likely could see 92ish.
Good luck! ^_^
This is just technical analysis, not a trading suggestion.
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