TradingBean

ALIBABA (BABA) - Opportunity to SELL

Short
NYSE:BABA   Alibaba Group Holdings Ltd.
Hey everyone, here's the analysis on BABA, if you find this idea insightful, leave us a like and comment on stock ideas you look forward to next!

Summary:
Strong drop from our resistance zone and trend line , current price could push lower to our S1 zone.

Action:
Sell Limit: 203.00
Stop Loss: 220.00
Take Profit: 188.00

Analysis:
Strong resistance zone at R1, along with our trend line where there was a strong reversal in price. Current price could push lower to our S1 zone if it holds well below our trend line and R1 zone.

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