2waytrading
Long

Bulls are under attack but firmly under control

NYSE:BABA   ALIBABA GROUP HLDG LTD
137 0 2
Hard to argue that bulls are winning if you look at monthly chart or even weekly but every damage has recovery process and it looked before two days ago $BABA was heading back to its glory days and that hope did not fade away but being attacked specially today. Price still above 50/20 days moving average but today's volume plus yesterday's bearish engulfing did create a hole and price gave back nearly 6.5% of its recent 29% gain that will be close to 27% where many who missed recent trade will be willing to step in and buy. 60% of the day price staying at this level and few times tried to regain $70 level but market didn't help the bulls to secure that level. Now there are a few reasons to buy this stock before earning as well as the bid day event 11.11 S-day. If you want real time alerts try www.2waytrading.com
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out