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Bl4ckmonday161
Jun 12, 2021 6:01 PM

Good time to go long for BABA Long

Alibaba Group Holding Limited (Extended Hours)Capital.com

Description

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
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