TomProTrader

#BABA: Bulls Rapidly In, Continuation Move To Highs?

Long
NYSE:BABA   Alibaba Group Holdings Ltd.
5
Traders,

Potential long, after a HUGE gap down, followed by a nice bull recovery gave a compelling piercing signal. The signal came in right at the sideways support/resistance transition level. Looks great for some upside here. Could e a perfect opportunity to get into a continuation move if not already in on the previous impulse. Good one to keep an eye on this week.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.