Comment:
s3.amazonaws.com/tra...shots/i/IUX0PvSO.png
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.
s3.amazonaws.com/tra...shots/y/yhsTB2Gg.png
gotta wait to see a confirmation at each support and resistance before taking any action.
traders/investors, good luck!
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.
s3.amazonaws.com/tra...shots/y/yhsTB2Gg.png
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.
s3.amazonaws.com/tra...shots/l/L5S6iAVN.png
s3.amazonaws.com/tra...shots/l/L5S6iAVN.png
Comment:
If this channel holds, BABA could go up to 108ish again.
s3.amazonaws.com/tra...shots/a/a2h6PenY.png
s3.amazonaws.com/tra...shots/a/a2h6PenY.png
Comment:
On 4h chart, it starts showing a divergence. Hope to see it moving down soon