Daily chart BABA LONG now 147.59.. TARGET 180-185 at DEC-JAN
Summery:
Long.
Shares reacted with good news about china-us tariffs issues and made W shape but not perfect one!
Main resistances area between 156-166 then target will be achieved at 180-185 before/during DEC-JAN
Main support is 137.75 which base of W shape.
Slow MFI indicate upward movement. Also Slow Stochastic showing positive trend.
Note:
The share shall draw upward trend before its continue which means its may get high low 1st then to continue uptrend
Any bad news about MORE tariffs will be bad signal but the support is remain at 130s
Long.
Shares reacted with good news about china-us tariffs issues and made W shape but not perfect one!
Main resistances area between 156-166 then target will be achieved at 180-185 before/during DEC-JAN
Main support is 137.75 which base of W shape.
Slow MFI indicate upward movement. Also Slow Stochastic showing positive trend.
Note:
The share shall draw upward trend before its continue which means its may get high low 1st then to continue uptrend
Any bad news about MORE tariffs will be bad signal but the support is remain at 130s
Trade closed: target reached
