Bl4ckmonday161

Good time to go long for BABA

Long
CAPITALCOM:BABA   Alibaba
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.
Comment: Wait for bearish divergence signal then go buy