dougl1965
Long

Going Long on BABA off 3 things:

NYSE:BABA   ALIBABA GROUP HLDG LTD
196 5 4
1) bounce off daily Key Earnings Level (see Tim West).
2) bounce off 71.5 fib (drawn from low of green triangle to the top).
3) spike on Vix             Fix indicator (see lime green line).
IvanLabrie
2 years ago
Nice rebound ;)
Reply
dougl1965 PRO IvanLabrie
2 years ago
Thanks! I might be a bit early here? Time will tell. I saw someone else post a chart they said they couldn't see why there was support around the 104.75 area. So I popped some things on a chart and it became obvious.
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timwest PRO
2 years ago
Thanks Doug! Appreciate the advertising of "Key Hidden Levels" too! Cheers to you! Tim
+1 Reply
Will Wong
2 years ago
I am long BABA too but today's candle looks like a doji. The BB are compressing too and could break out shortly.
Reply
dougl1965 PRO
2 years ago
I'm no genius but check out how its respecting the 104-105 level?
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