Hello Friends,
As shown in my chart, Alibaba is poised to be a great investment. Making higher lows and following the trend line in a down trend, what is needed now is to find a great entry and let this stock rip.
I believe breaking the 20 Day Moving Average, breaking the trend line and breaking the previous higher lows are all great signals to enter a buy position. But, ensuring the price stays above these levels are very important, so please be careful on your trades.
For my Long Term Investors, prices are at a great price so Buy & Hold.
Disclaimer: These are my personal opinions open for discussions. This is not financial advise.
Thank you.
As shown in my chart, Alibaba is poised to be a great investment. Making higher lows and following the trend line in a down trend, what is needed now is to find a great entry and let this stock rip.
I believe breaking the 20 Day Moving Average, breaking the trend line and breaking the previous higher lows are all great signals to enter a buy position. But, ensuring the price stays above these levels are very important, so please be careful on your trades.
For my Long Term Investors, prices are at a great price so Buy & Hold.
Disclaimer: These are my personal opinions open for discussions. This is not financial advise.
Thank you.
Note
Please do not enter a trade on this information until the 3 confirmations I mentioned above tells us to do so. Patience is Key here guys and if you buy before the confirmations you will lose your hard earn money. I will update as I make a trade or see a good entry.
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.
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.