Poised for Short Term Pullback Short

Alibaba Group Holding LimitedNYSE

Description

⋅ Feb 22, 2018 1:57 AM

After a short term rebound US$170 level. Stock price will likely to pull back towards US$182-180 level (50% of previous rally and 55 Days MA as support), with rally stalled and Bearish Shooting Star pattern sighted.

Candlestick Analysis

Comments

GUMBY9662C

⋅ Feb 25, 2018 3:11 AM

i think this call for lower isn't in the cards for now.

Brandon_Leu

⋅ Feb 25, 2018 6:49 AM

Yes, as price traded higher than the tail of the shooting star candlestick, the downward move forecast is negated.