The fall of this gem is a haven for those who value a good counter like Alibaba.
Mid to long term, I am bullish on this counter and would buy on dip. The weekly chart shows it has fallen to the 50% FIB level and I hope a rebound in the coming weeks will take place.
Once it breaks the channel, I will accumulate more.
Mid to long term, I am bullish on this counter and would buy on dip. The weekly chart shows it has fallen to the 50% FIB level and I hope a rebound in the coming weeks will take place.
Once it breaks the channel, I will accumulate more.
Comment:
notice the resistance line where price hovers around 163.21 ? it seems to be a strong resistance as it has been tested at least 3x.
