Good time to go long for BABA
In supercycle, BABA formed (I) and there's still ongoing (II).
We could expect a terminal impulse wave from (c) where each move can be subdivided into 3 waves.
If that the case, buying zone would be around 201-207 when the price drop lower.
However, we must use CCI/STO to confirm bearish divergence.
We could expect a terminal impulse wave from (c) where each move can be subdivided into 3 waves.
If that the case, buying zone would be around 201-207 when the price drop lower.
However, we must use CCI/STO to confirm bearish divergence.
Comment:
Wait for bearish divergence signal then go buy
