BABA- What's So Special About The $100-$101 Zone?

NYSE:BABA   Alibaba Group Holdings Ltd
119 0 0
12-2 Let's keep it simple. What's so special
about the 100-101 zone? Not only is it the
first breakout into a new high out of what
some would call a base. It's also a 50%
Fibonacci retracement on the way down.
It also just happens to be at? An old support.
We all know the old rule of thumb right? Old
resistance once broken tends to become?
New support. What is even more
special though? Is the B wave bear channel .
Check out BIDU             and BITA             as they too both did
one before breaking to the downside.
Knowing what to watch for sometimes
can make all the difference. In this case
the for shorting the bear channel told you
all you need to know.

Do yourself a favor and be on the lookout
for them. If you are a long only type?
They are the what to watch out for.

For informational and educational purposes only
these are not recommendations, trade at your own risk.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out