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sepehr_sanjar
Feb 26, 2024 3:41 PM

Possible second leg for BABA!! Long

Alibaba Group Holding LimitedNYSE

Description

Hi, everyone, As you can see in the chart, Alibaba's stock has formed a beautiful triangle pattern after a prolonged correction in both price and time. With the divergence observed on the MACD and RSI in the weekly chart, I believe that we can expect higher numbers in the near future. The first target is $121, and the second target is 131.can monitor the trade using the weekly time frame's RSI protection trend line. #baba #nasdaq #alibaba NYSE:BABA

Disclaimer: This information or service is for informational purposes only and is not intended to be personal financial advice
Comments
practicalBear53904
thank u for sharing
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