Getting squeezed in the falling wedge; upward moving coming? Long

Alibaba Group Holding LimitedNYSE

Description

⋅ Sep 24, 2018 6:14 PM

To play this, i would wait for the price to break through the top pink line; in that case it could mean that its ready to start going up again to test 210ish.

Comment

⋅ Oct 2, 2018 7:01 PM

Decision coming on this shortly. Should break to upside by end of this week or early next week.

Trend Analysis

Comments

LDAMATO

⋅ Sep 24, 2018 11:34 PM

Hello how are you.

You mean to wait until the $156 or $155 and then buy ?

Thank you.

yousufj56

⋅ Sep 25, 2018 2:01 AM

@LDAMATO, I meant that a break above 169 could mean it's ready to move up.

It won't be an instantaneous move. It'll take time to reach 210ish.

If it closes below the lower blue line, you can expect it to continue downwards.